WILLPLUS Holdings（3538）株式概要株式会社ウィルプラス・ホールディングスは、日本国内で新車・中古車の販売・整備を行っている。 詳細3538 ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長0/6過去の実績1/6財務の健全性3/6配当金5/6報酬当社が推定した公正価値より58.5%で取引されている リスク分析過去5年間で収益は年間3.4%減少しました。 負債は営業キャッシュフローで十分にカバーされていない 意味のある時価総額がありません ( ¥8B )利益率(1.3%)は昨年より低い(2%) +1 さらなるリスクすべてのリスクチェックを見る3538 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueJP¥Current PriceJP¥933.0032.8% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0227b2016201920222025202620282031Revenue JP¥227.2bEarnings JP¥2.9bAdvancedSet Fair ValueView all narrativesWILLPLUS Holdings Corporation 競合他社International Conglomerate of Distribution for Automobile HoldingsSymbol: TSE:3184Market cap: JP¥9.1bUP GARAGE GROUPSymbol: TSE:7134Market cap: JP¥10.1bI.A GroupSymbol: TSE:7509Market cap: JP¥7.0bApple InternationalSymbol: TSE:2788Market cap: JP¥5.0b価格と性能株価の高値、安値、推移の概要WILLPLUS Holdings過去の株価現在の株価JP¥933.0052週高値JP¥1,088.0052週安値JP¥922.00ベータ0.311ヶ月の変化-7.16%3ヶ月変化-10.80%1年変化-7.81%3年間の変化-16.10%5年間の変化-27.34%IPOからの変化138.31%最新ニュースReported Earnings • May 18Third quarter 2026 earnings released: EPS: JP¥12.98 (vs JP¥51.61 in 3Q 2025)Third quarter 2026 results: EPS: JP¥12.98 (down from JP¥51.61 in 3Q 2025). Revenue: JP¥25.7b (up 2.2% from 3Q 2025). Net income: JP¥118.0m (down 75% from 3Q 2025). Profit margin: 0.5% (down from 1.9% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Declared Dividend • Mar 10First half dividend of JP¥28.00 announcedShareholders will receive a dividend of JP¥28.00. Ex-date: 29th June 2026 Payment date: 11th September 2026 Dividend yield will be 4.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 14Second quarter 2026 earnings released: EPS: JP¥53.56 (vs JP¥43.88 in 2Q 2025)Second quarter 2026 results: EPS: JP¥53.56 (up from JP¥43.88 in 2Q 2025). Revenue: JP¥21.4b (up 1.7% from 2Q 2025). Net income: JP¥487.0m (up 22% from 2Q 2025). Profit margin: 2.3% (up from 1.9% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Upcoming Dividend • Dec 22Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 March 2026. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).分析記事 • Dec 03WILLPLUS Holdings (TSE:3538) Will Pay A Dividend Of ¥18.00WILLPLUS Holdings Corporation ( TSE:3538 ) will pay a dividend of ¥18.00 on the 10th of March. This will take the...お知らせ • Dec 03WILLPLUS Holdings Corporation to Report Q2, 2026 Results on Feb 12, 2026WILLPLUS Holdings Corporation announced that they will report Q2, 2026 results on Feb 12, 2026最新情報をもっと見るRecent updatesReported Earnings • May 18Third quarter 2026 earnings released: EPS: JP¥12.98 (vs JP¥51.61 in 3Q 2025)Third quarter 2026 results: EPS: JP¥12.98 (down from JP¥51.61 in 3Q 2025). Revenue: JP¥25.7b (up 2.2% from 3Q 2025). Net income: JP¥118.0m (down 75% from 3Q 2025). Profit margin: 0.5% (down from 1.9% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Declared Dividend • Mar 10First half dividend of JP¥28.00 announcedShareholders will receive a dividend of JP¥28.00. Ex-date: 29th June 2026 Payment date: 11th September 2026 Dividend yield will be 4.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 14Second quarter 2026 earnings released: EPS: JP¥53.56 (vs JP¥43.88 in 2Q 2025)Second quarter 2026 results: EPS: JP¥53.56 (up from JP¥43.88 in 2Q 2025). Revenue: JP¥21.4b (up 1.7% from 2Q 2025). Net income: JP¥487.0m (up 22% from 2Q 2025). Profit margin: 2.3% (up from 1.9% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Upcoming Dividend • Dec 22Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 March 2026. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).分析記事 • Dec 03WILLPLUS Holdings (TSE:3538) Will Pay A Dividend Of ¥18.00WILLPLUS Holdings Corporation ( TSE:3538 ) will pay a dividend of ¥18.00 on the 10th of March. This will take the...お知らせ • Dec 03WILLPLUS Holdings Corporation to Report Q2, 2026 Results on Feb 12, 2026WILLPLUS Holdings Corporation announced that they will report Q2, 2026 results on Feb 12, 2026Reported Earnings • Nov 16First quarter 2026 earnings released: EPS: JP¥25.52 (vs JP¥29.91 in 1Q 2025)First quarter 2026 results: EPS: JP¥25.52 (down from JP¥29.91 in 1Q 2025). Revenue: JP¥20.7b (up 3.4% from 1Q 2025). Net income: JP¥232.0m (down 15% from 1Q 2025). Profit margin: 1.1% (down from 1.4% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Board Change • Oct 17Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Kazuhiro Ueno was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Oct 17WILLPLUS Holdings Corporation (TSE:3538) signed a letter of intent to acquire BMW authorized dealership business of Wako Motoren K.K. from Wako Motoren K.K.WILLPLUS Holdings Corporation (TSE:3538) signed a letter of intent to acquire BMW authorized dealership business of Wako Motoren K.K. from Wako Motoren K.K. on October 16, 2025. The expected completion of the transaction is early January 2026.分析記事 • Oct 05WILLPLUS Holdings (TSE:3538) Will Pay A Dividend Of ¥18.00The board of WILLPLUS Holdings Corporation ( TSE:3538 ) has announced that it will pay a dividend on the 10th of March...Declared Dividend • Oct 05Final dividend of JP¥18.00 announcedShareholders will receive a dividend of JP¥18.00. Ex-date: 29th December 2025 Payment date: 10th March 2026 Dividend yield will be 4.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 23% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Sep 03WILLPLUS Holdings Corporation to Report Q1, 2026 Results on Nov 13, 2025WILLPLUS Holdings Corporation announced that they will report Q1, 2026 results on Nov 13, 2025New Risk • Aug 16New 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: 2.4% 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: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (JP¥9.08b market cap, or US$61.7m).Reported Earnings • Aug 16Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥158 (up from JP¥116 in FY 2024). Revenue: JP¥88.6b (up 86% from FY 2024). Net income: JP¥1.44b (up 28% from FY 2024). Profit margin: 1.6% (down from 2.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.0%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat.お知らせ • Aug 14WILLPLUS Holdings Corporation, Annual General Meeting, Sep 25, 2025WILLPLUS Holdings Corporation, Annual General Meeting, Sep 25, 2025.お知らせ • Jun 27WILLPLUS Holdings Corporation to Report Fiscal Year 2025 Results on Aug 14, 2025WILLPLUS Holdings Corporation announced that they will report fiscal year 2025 results on Aug 14, 2025Upcoming Dividend • Jun 20Upcoming dividend of JP¥28.06 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 20 October 2025. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.6%).Reported Earnings • May 17Third quarter 2025 earnings released: EPS: JP¥51.61 (vs JP¥23.37 in 3Q 2024)Third quarter 2025 results: EPS: JP¥51.61 (up from JP¥23.37 in 3Q 2024). Revenue: JP¥25.2b (up 108% from 3Q 2024). Net income: JP¥471.0m (up 107% from 3Q 2024). Profit margin: 1.9% (in line with 3Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.分析記事 • May 15WILLPLUS Holdings (TSE:3538) Is Increasing Its Dividend To ¥28.06The board of WILLPLUS Holdings Corporation ( TSE:3538 ) has announced that it will be paying its dividend of ¥28.06 on...お知らせ • May 15WILLPLUS Holdings Corporation (TSE:3538) announces an Equity Buyback for 80,000 shares, representing 0.88% for ¥100 million.WILLPLUS Holdings Corporation (TSE:3538) announces a share repurchase program. Under the program, the company will repurchase up to 80,000 shares, representing 0.88% of its issued share capital, for ¥ 100 million. The purpose of the program is to promote human capital management and improve the Company's corporate value. The program is valid till May 30, 2025. As of March 31, 2025, the company had 9,130,148 shares (excluding treasury stock) and 1,272,072 shares in treasury.分析記事 • Apr 09Take Care Before Diving Into The Deep End On WILLPLUS Holdings Corporation (TSE:3538)When close to half the companies in Japan have price-to-earnings ratios (or "P/E's") above 12x, you may consider...Buy Or Sell Opportunity • Apr 08Now 20% overvaluedOver the last 90 days, the stock has fallen 5.1% to JP¥949. The fair value is estimated to be JP¥790, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 49% in the next 2 years.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥850, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Specialty Retail industry in Japan. Total returns to shareholders of 5.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥796 per share.分析記事 • Mar 11WILLPLUS Holdings' (TSE:3538) Upcoming Dividend Will Be Larger Than Last Year'sWILLPLUS Holdings Corporation's ( TSE:3538 ) dividend will be increasing from last year's payment of the same period to...Declared Dividend • Mar 11First half dividend of JP¥28.06 announcedShareholders will receive a dividend of JP¥28.06. Ex-date: 27th June 2025 Payment date: 20th October 2025 Dividend yield will be 4.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 23% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 06WILLPLUS Holdings Corporation to Report Q3, 2025 Results on May 13, 2025WILLPLUS Holdings Corporation announced that they will report Q3, 2025 results on May 13, 2025分析記事 • Feb 21Concerns Surrounding WILLPLUS Holdings' (TSE:3538) PerformanceWILLPLUS Holdings Corporation's ( TSE:3538 ) robust recent earnings didn't do much to move the stock. However the...Buy Or Sell Opportunity • Feb 19Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 1.6% to JP¥1,011. The fair value is estimated to be JP¥841, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 50% in 2 years. Earnings are forecast to grow by 45% in the next 2 years.Reported Earnings • Feb 15Second quarter 2025 earnings released: EPS: JP¥43.88 (vs JP¥24.75 in 2Q 2024)Second quarter 2025 results: EPS: JP¥43.88 (up from JP¥24.75 in 2Q 2024). Revenue: JP¥21.0b (up 83% from 2Q 2024). Net income: JP¥400.0m (up 66% from 2Q 2024). Profit margin: 1.9% (down from 2.1% in 2Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Upcoming Dividend • Dec 20Upcoming dividend of JP¥17.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 11 March 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).分析記事 • Dec 06WILLPLUS Holdings' (TSE:3538) Dividend Will Be ¥17.00The board of WILLPLUS Holdings Corporation ( TSE:3538 ) has announced that it will pay a dividend of ¥17.00 per share...お知らせ • Dec 06WILLPLUS Holdings Corporation to Report Q2, 2025 Results on Feb 13, 2025WILLPLUS Holdings Corporation announced that they will report Q2, 2025 results on Feb 13, 2025Reported Earnings • Nov 16First quarter 2025 earnings released: EPS: JP¥29.91 (vs JP¥20.58 in 1Q 2024)First quarter 2025 results: EPS: JP¥29.91 (up from JP¥20.58 in 1Q 2024). Revenue: JP¥20.0b (up 76% from 1Q 2024). Net income: JP¥272.0m (up 36% from 1Q 2024). Profit margin: 1.4% (down from 1.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has remained flat, which means it is well ahead of earnings.分析記事 • Oct 20WILLPLUS Holdings (TSE:3538) Will Pay A Dividend Of ¥17.00The board of WILLPLUS Holdings Corporation ( TSE:3538 ) has announced that it will pay a dividend of ¥17.00 per share...Declared Dividend • Oct 19Final dividend of JP¥17.00 announcedShareholders will receive a dividend of JP¥17.00. Ex-date: 27th December 2024 Payment date: 11th March 2025 Dividend yield will be 4.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 26% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 66% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Oct 17WILLPLUS Holdings Corporation (TSE:3538) agreed to acquire Orion Auto Sales Co., Ltd. from Takayuki Nakamura and five other individuals for approximately ¥130 million.WILLPLUS Holdings Corporation (TSE:3538) agreed to acquire Orion Auto Sales Co., Ltd. from Takayuki Nakamura and five other individuals for approximately ¥130 million on October 16, 2024. A cash consideration of ¥133 million will be paid by WILLPLUS Holdings Corporation. As part of consideration, ¥133 million is paid towards common equity of Orion Auto Sales Co., Ltd. The expected completion of the transaction is December 1, 2024.Reported Earnings • Oct 03Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥116 (down from JP¥135 in FY 2023). Revenue: JP¥47.7b (up 8.2% from FY 2023). Net income: JP¥1.12b (down 14% from FY 2023). Profit margin: 2.4% (down from 3.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 35%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail 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 increased by 1% per year, which means it is well ahead of earnings.お知らせ • Sep 03WILLPLUS Holdings Corporation to Report Q1, 2025 Results on Nov 12, 2024WILLPLUS Holdings Corporation announced that they will report Q1, 2025 results on Nov 12, 2024Reported Earnings • Aug 19Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥116 (down from JP¥135 in FY 2023). Revenue: JP¥47.7b (up 8.2% from FY 2023). Net income: JP¥1.12b (down 14% from FY 2023). Profit margin: 2.4% (down from 3.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 35%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Specialty Retail 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 increased by 6% per year, which means it is well ahead of earnings.分析記事 • Aug 15Market Still Lacking Some Conviction On WILLPLUS Holdings Corporation (TSE:3538)With a median price-to-earnings (or "P/E") ratio of close to 13x in Japan, you could be forgiven for feeling...お知らせ • Aug 14WILLPLUS Holdings Corporation, Annual General Meeting, Sep 26, 2024WILLPLUS Holdings Corporation, Annual General Meeting, Sep 26, 2024.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥968, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Specialty Retail industry in Japan. Total returns to shareholders of 1.7% over the past three years.お知らせ • Jun 17WILLPLUS Holdings Corporation to Report Fiscal Year 2024 Results on Aug 14, 2024WILLPLUS Holdings Corporation announced that they will report fiscal year 2024 results on Aug 14, 2024Reported Earnings • May 19Third quarter 2024 earnings released: EPS: JP¥23.37 (vs JP¥38.39 in 3Q 2023)Third quarter 2024 results: EPS: JP¥23.37 (down from JP¥38.39 in 3Q 2023). Revenue: JP¥12.1b (up 15% from 3Q 2023). Net income: JP¥228.0m (down 38% from 3Q 2023). Profit margin: 1.9% (down from 3.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 9% per year.お知らせ • May 15+ 1 more updateWILLPLUS Holdings Corporation (TSE:3538) comleted the acquisition of 51% stake in Eng Inc. from Shinichiro Makino for ¥1.2 billionWILLPLUS Holdings Corporation (TSE:3538) agreed to acquire 51% stake in Eng Inc. from Shinichiro Makino for ¥1.6 billion on March 28, 2024. Eng Inc. reported net assets of ¥2,318 million, total assets of ¥5,287 million, sales of ¥28,902 million, operating profit of ¥612 million and net profit of ¥374 million as at December 2023. The transaction is expected to close on April 25, 2024. WILLPLUS Holdings Corporation (TSE:3538) comleted the acquisition of 51% stake in Eng Inc. from Shinichiro Makino for ¥1.2 billion on May 13, 2024.分析記事 • Apr 25WILLPLUS Holdings (TSE:3538) Is Paying Out A Larger Dividend Than Last YearThe board of WILLPLUS Holdings Corporation ( TSE:3538 ) has announced that it will be paying its dividend of ¥27.51 on...Board Change • Apr 12High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. GM of Management Headquarters & Director Takuya Yoda was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.分析記事 • Mar 30WILLPLUS Holdings (TSE:3538) Has A Somewhat Strained Balance SheetHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • Mar 12WILLPLUS Holdings' (TSE:3538) Shareholders Will Receive A Bigger Dividend Than Last YearWILLPLUS Holdings Corporation ( TSE:3538 ) will increase its dividend from last year's comparable payment on the 13th...お知らせ • Mar 03WILLPLUS Holdings Corporation to Report Q3, 2024 Results on May 14, 2024WILLPLUS Holdings Corporation announced that they will report Q3, 2024 results on May 14, 2024分析記事 • Feb 27WILLPLUS Holdings' (TSE:3538) Upcoming Dividend Will Be Larger Than Last Year'sThe board of WILLPLUS Holdings Corporation ( TSE:3538 ) has announced that it will be paying its dividend of ¥27.51 on...Declared Dividend • Feb 16First half dividend of JP¥27.51 announcedShareholders will receive a dividend of JP¥27.51. Ex-date: 27th June 2024 Payment date: 13th September 2024 Dividend yield will be 4.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 26% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 15Second quarter 2024 earnings released: EPS: JP¥24.75 (vs JP¥32.74 in 2Q 2023)Second quarter 2024 results: EPS: JP¥24.75 (down from JP¥32.74 in 2Q 2023). Revenue: JP¥11.5b (up 6.1% from 2Q 2023). Net income: JP¥241.0m (down 23% from 2Q 2023). Profit margin: 2.1% (down from 2.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 3% per year.Upcoming Dividend • Dec 21Upcoming dividend of JP¥16.00 per share at 4.4% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 11 March 2024. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.4%).お知らせ • Dec 06WILLPLUS Holdings Corporation to Report Q2, 2024 Results on Feb 13, 2024WILLPLUS Holdings Corporation announced that they will report Q2, 2024 results on Feb 13, 2024Reported Earnings • Nov 20First quarter 2024 earnings released: EPS: JP¥20.58 (vs JP¥33.34 in 1Q 2023)First quarter 2024 results: EPS: JP¥20.58 (down from JP¥33.34 in 1Q 2023). Revenue: JP¥11.4b (up 16% from 1Q 2023). Net income: JP¥200.0m (down 37% from 1Q 2023). Profit margin: 1.8% (down from 3.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Sep 13WILLPLUS Holdings Corporation to Report Q1, 2024 Results on Nov 14, 2023WILLPLUS Holdings Corporation announced that they will report Q1, 2024 results on Nov 14, 2023New Risk • Aug 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 39% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (39% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥11.0b market cap, or US$75.6m).お知らせ • Aug 16WILLPLUS Holdings Corporation, Annual General Meeting, Sep 27, 2023WILLPLUS Holdings Corporation, Annual General Meeting, Sep 27, 2023.Reported Earnings • Aug 16Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: JP¥135 (down from JP¥163 in FY 2022). Revenue: JP¥44.1b (up 11% from FY 2022). Net income: JP¥1.30b (down 16% from FY 2022). Profit margin: 3.0% (down from 3.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jun 22Upcoming dividend of JP¥26.17 per share at 3.4% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.3%).お知らせ • Jun 04WILLPLUS Holdings Corporation to Report Fiscal Year 2023 Results on Aug 14, 2023WILLPLUS Holdings Corporation announced that they will report fiscal year 2023 results on Aug 14, 2023Reported Earnings • May 13Third quarter 2023 earnings released: EPS: JP¥38.39 (vs JP¥39.39 in 3Q 2022)Third quarter 2023 results: EPS: JP¥38.39 (down from JP¥39.39 in 3Q 2022). Revenue: JP¥10.5b (up 9.4% from 3Q 2022). Net income: JP¥370.0m (down 1.3% from 3Q 2022). Profit margin: 3.5% (down from 3.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year and the company’s share price has also increased by 16% per year.Board Change • Mar 19Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Nobuo Iwabuchi was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 12Second quarter 2023 earnings released: EPS: JP¥32.74 (vs JP¥51.92 in 2Q 2022)Second quarter 2023 results: EPS: JP¥32.74 (down from JP¥51.92 in 2Q 2022). Revenue: JP¥10.9b (up 4.3% from 2Q 2022). Net income: JP¥314.0m (down 36% from 2Q 2022). Profit margin: 2.9% (down from 4.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Dec 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 10 March 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%).お知らせ • Dec 04WILLPLUS Holdings Corporation to Report Q2, 2023 Results on Feb 10, 2023WILLPLUS Holdings Corporation announced that they will report Q2, 2023 results on Feb 10, 2023Reported Earnings • Nov 16First quarter 2023 earnings released: EPS: JP¥33.34 (vs JP¥41.83 in 1Q 2022)First quarter 2023 results: EPS: JP¥33.34 (down from JP¥41.83 in 1Q 2022). Revenue: JP¥9.81b (up 2.6% from 1Q 2022). Net income: JP¥319.0m (down 20% from 1Q 2022). Profit margin: 3.3% (down from 4.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 13First quarter 2023 earnings released: EPS: JP¥33.34 (vs JP¥41.83 in 1Q 2022)First quarter 2023 results: EPS: JP¥33.34 (down from JP¥41.83 in 1Q 2022). Revenue: JP¥9.81b (up 2.6% from 1Q 2022). Net income: JP¥319.0m (down 20% from 1Q 2022). Profit margin: 3.3% (down from 4.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 14WILLPLUS Holdings Corporation, Annual General Meeting, Sep 28, 2022WILLPLUS Holdings Corporation, Annual General Meeting, Sep 28, 2022.Reported Earnings • Aug 14Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: JP¥163 (up from JP¥161 in FY 2021). Revenue: JP¥39.7b (down 2.6% from FY 2021). Net income: JP¥1.55b (up 1.1% from FY 2021). Profit margin: 3.9% (up from 3.8% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 12%, compared to a 7.9% growth forecast for the retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 22Upcoming dividend of JP¥29.90 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 29 September 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%).お知らせ • Jun 05WILLPLUS Holdings Corporation to Report Fiscal Year 2022 Results on Aug 12, 2022WILLPLUS Holdings Corporation announced that they will report fiscal year 2022 results on Aug 12, 2022Reported Earnings • May 13Third quarter 2022 earnings released: EPS: JP¥39.39 (vs JP¥37.17 in 3Q 2021)Third quarter 2022 results: EPS: JP¥39.39 (up from JP¥37.17 in 3Q 2021). Revenue: JP¥9.64b (down 2.0% from 3Q 2021). Net income: JP¥375.0m (up 6.2% from 3Q 2021). Profit margin: 3.9% (up from 3.6% in 3Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 7.2%, compared to a 7.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). External Auditor Kaori Suzuki was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.お知らせ • Apr 07WILLPLUS Holdings Corporation to Report Q3, 2022 Results on May 11, 2022WILLPLUS Holdings Corporation announced that they will report Q3, 2022 results on May 11, 2022Buying Opportunity • Apr 07Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 9.3%. The fair value is estimated to be JP¥1,135, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to decline by 2.5% in the next 2 years.Buying Opportunity • Mar 07Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.5%. The fair value is estimated to be JP¥1,113, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% per annum over the last 3 years. Earnings per share has grown by 30% per annum over the last 3 years.お知らせ • Mar 03+ 1 more updateWILLPLUS Holdings Corporation Provides Earnings Guidance for the Full Year of 2022WILLPLUS Holdings Corporation provided earnings guidance for the full year of 2022. The company expects net sales of ¥41,067 million, operating profit of ¥2,149 million and profit of ¥1,386 million.Reported Earnings • Feb 12Second quarter 2022 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2022 results: EPS: JP¥51.92 (down from JP¥52.06 in 2Q 2021). Revenue: JP¥10.4b (down 2.4% from 2Q 2021). Net income: JP¥494.0m (flat on 2Q 2021). Profit margin: 4.7% (up from 4.6% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 5.4%, compared to a 7.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Dec 22Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 10 March 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%).Reported Earnings • Nov 12First quarter 2022 earnings released: EPS JP¥41.83 (vs JP¥32.25 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥9.56b (up 3.4% from 1Q 2021). Net income: JP¥398.0m (up 30% from 1Q 2021). Profit margin: 4.2% (up from 3.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Reported Earnings • Oct 05Full year 2021 earnings released: EPS JP¥161 (vs JP¥85.30 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥40.8b (up 16% from FY 2020). Net income: JP¥1.53b (up 91% from FY 2020). Profit margin: 3.8% (up from 2.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 22Upcoming dividend of JP¥20.79 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 30 September 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.1%). Higher than average of industry peers (1.3%).Reported Earnings • May 12Third quarter 2021 earnings released: EPS JP¥37.17 (vs JP¥16.79 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥9.84b (up 12% from 3Q 2020). Net income: JP¥353.0m (up 123% from 3Q 2020). Profit margin: 3.6% (up from 1.8% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% 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 • Mar 05WILLPLUS Holdings Corporation to Report Q3, 2021 Results on May 10, 2021WILLPLUS Holdings Corporation announced that they will report Q3, 2021 results on May 10, 2021Is New 90 Day High Low • Mar 03New 90-day high: JP¥1,176The company is up 67% from its price of JP¥704 on 03 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 9.0% over the same period.Reported Earnings • Feb 14Second quarter 2021 earnings released: EPS JP¥52.06 (vs JP¥18.89 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥10.7b (up 38% from 2Q 2020). Net income: JP¥494.0m (up 179% from 2Q 2020). Profit margin: 4.6% (up from 2.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improved over the past weekAfter last week's 19% share price gain to JP¥969, the stock is trading at a trailing P/E ratio of 11.5x, up from the previous P/E ratio of 9.6x. This compares to an average P/E of 13x in the Specialty Retail industry in Japan. Total return to shareholders over the past three years is a loss of 24%.Is New 90 Day High Low • Feb 08New 90-day high: JP¥829The company is up 34% from its price of JP¥620 on 10 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 6.0% over the same period.Is New 90 Day High Low • Jan 20New 90-day high: JP¥773The company is up 32% from its price of JP¥587 on 22 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 10.0% over the same period.Is New 90 Day High Low • Dec 29New 90-day high: JP¥727The company is up 31% from its price of JP¥554 on 30 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 10.0% over the same period.お知らせ • Dec 04WILLPLUS Holdings Corporation to Report Q2, 2021 Results on Feb 10, 2021WILLPLUS Holdings Corporation announced that they will report Q2, 2021 results on Feb 10, 2021Is New 90 Day High Low • Dec 02New 90-day high: JP¥684The company is up 16% from its price of JP¥588 on 03 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 15% over the same period.お知らせ • Sep 06WILLPLUS Holdings Corporation to Report Q1, 2021 Results on Nov 11, 2020WILLPLUS Holdings Corporation announced that they will report Q1, 2021 results on Nov 11, 2020株主還元3538JP Specialty RetailJP 市場7D-0.4%2.6%-0.5%1Y-7.8%29.3%41.3%株主還元を見る業界別リターン: 3538過去 1 年間で29.3 % の収益を上げたJP Specialty Retail業界を下回りました。リターン対市場: 3538は、過去 1 年間で41.3 % のリターンを上げたJP市場を下回りました。価格変動Is 3538's price volatile compared to industry and market?3538 volatility3538 Average Weekly Movement2.8%Specialty Retail Industry Average Movement4.1%Market Average Movement5.0%10% most volatile stocks in JP Market9.7%10% least volatile stocks in JP Market2.5%安定した株価: 3538 、 JP市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 3538の 週次ボラティリティ ( 3% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2007759Takaaki Narusewww.willplus.co.jp株式会社ウィルプラス・ホールディングスは、日本国内における新車・中古車の販売および整備を行っている。輸入車ディーラー事業と中古車輸出関連事業の2つのセグメントで事業を展開。保険代理店業務も行う。同社は2007年に設立され、東京に本社を置く。もっと見るWILLPLUS Holdings Corporation 基礎のまとめWILLPLUS Holdings の収益と売上を時価総額と比較するとどうか。3538 基礎統計学時価総額JP¥8.49b収益（TTM）JP¥1.14b売上高(TTM)JP¥90.22b7.5xPER（株価収益率0.1xP/Sレシオ3538 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計3538 損益計算書（TTM）収益JP¥90.22b売上原価JP¥77.53b売上総利益JP¥12.69bその他の費用JP¥11.55b収益JP¥1.14b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）125.05グロス・マージン14.06%純利益率1.26%有利子負債／自己資本比率154.7%3538 の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.9%現在の配当利回り22%配当性向3538 配当は確実ですか？3538 配当履歴とベンチマークを見る3538 、いつまでに購入すれば配当金を受け取れますか？WILLPLUS Holdings 配当日配当落ち日Jun 29 2026配当支払日Sep 11 2026配当落ちまでの日数38 days配当支払日までの日数112 days3538 配当は確実ですか？3538 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 08:00終値2026/05/22 00:00収益2026/03/31年間収益2025/06/30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WILLPLUS Holdings Corporation 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。3 アナリスト機関null nullInvestment Bridge Co., Ltd.Nobumasa MorimotoMizuho Securities Co., Ltd.Satoru TakadaTIW
International Conglomerate of Distribution for Automobile HoldingsSymbol: TSE:3184Market cap: JP¥9.1b
Reported Earnings • May 18Third quarter 2026 earnings released: EPS: JP¥12.98 (vs JP¥51.61 in 3Q 2025)Third quarter 2026 results: EPS: JP¥12.98 (down from JP¥51.61 in 3Q 2025). Revenue: JP¥25.7b (up 2.2% from 3Q 2025). Net income: JP¥118.0m (down 75% from 3Q 2025). Profit margin: 0.5% (down from 1.9% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Declared Dividend • Mar 10First half dividend of JP¥28.00 announcedShareholders will receive a dividend of JP¥28.00. Ex-date: 29th June 2026 Payment date: 11th September 2026 Dividend yield will be 4.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 14Second quarter 2026 earnings released: EPS: JP¥53.56 (vs JP¥43.88 in 2Q 2025)Second quarter 2026 results: EPS: JP¥53.56 (up from JP¥43.88 in 2Q 2025). Revenue: JP¥21.4b (up 1.7% from 2Q 2025). Net income: JP¥487.0m (up 22% from 2Q 2025). Profit margin: 2.3% (up from 1.9% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 March 2026. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).
分析記事 • Dec 03WILLPLUS Holdings (TSE:3538) Will Pay A Dividend Of ¥18.00WILLPLUS Holdings Corporation ( TSE:3538 ) will pay a dividend of ¥18.00 on the 10th of March. This will take the...
お知らせ • Dec 03WILLPLUS Holdings Corporation to Report Q2, 2026 Results on Feb 12, 2026WILLPLUS Holdings Corporation announced that they will report Q2, 2026 results on Feb 12, 2026
Reported Earnings • May 18Third quarter 2026 earnings released: EPS: JP¥12.98 (vs JP¥51.61 in 3Q 2025)Third quarter 2026 results: EPS: JP¥12.98 (down from JP¥51.61 in 3Q 2025). Revenue: JP¥25.7b (up 2.2% from 3Q 2025). Net income: JP¥118.0m (down 75% from 3Q 2025). Profit margin: 0.5% (down from 1.9% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Declared Dividend • Mar 10First half dividend of JP¥28.00 announcedShareholders will receive a dividend of JP¥28.00. Ex-date: 29th June 2026 Payment date: 11th September 2026 Dividend yield will be 4.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 14Second quarter 2026 earnings released: EPS: JP¥53.56 (vs JP¥43.88 in 2Q 2025)Second quarter 2026 results: EPS: JP¥53.56 (up from JP¥43.88 in 2Q 2025). Revenue: JP¥21.4b (up 1.7% from 2Q 2025). Net income: JP¥487.0m (up 22% from 2Q 2025). Profit margin: 2.3% (up from 1.9% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 March 2026. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).
分析記事 • Dec 03WILLPLUS Holdings (TSE:3538) Will Pay A Dividend Of ¥18.00WILLPLUS Holdings Corporation ( TSE:3538 ) will pay a dividend of ¥18.00 on the 10th of March. This will take the...
お知らせ • Dec 03WILLPLUS Holdings Corporation to Report Q2, 2026 Results on Feb 12, 2026WILLPLUS Holdings Corporation announced that they will report Q2, 2026 results on Feb 12, 2026
Reported Earnings • Nov 16First quarter 2026 earnings released: EPS: JP¥25.52 (vs JP¥29.91 in 1Q 2025)First quarter 2026 results: EPS: JP¥25.52 (down from JP¥29.91 in 1Q 2025). Revenue: JP¥20.7b (up 3.4% from 1Q 2025). Net income: JP¥232.0m (down 15% from 1Q 2025). Profit margin: 1.1% (down from 1.4% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Board Change • Oct 17Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Kazuhiro Ueno was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Oct 17WILLPLUS Holdings Corporation (TSE:3538) signed a letter of intent to acquire BMW authorized dealership business of Wako Motoren K.K. from Wako Motoren K.K.WILLPLUS Holdings Corporation (TSE:3538) signed a letter of intent to acquire BMW authorized dealership business of Wako Motoren K.K. from Wako Motoren K.K. on October 16, 2025. The expected completion of the transaction is early January 2026.
分析記事 • Oct 05WILLPLUS Holdings (TSE:3538) Will Pay A Dividend Of ¥18.00The board of WILLPLUS Holdings Corporation ( TSE:3538 ) has announced that it will pay a dividend on the 10th of March...
Declared Dividend • Oct 05Final dividend of JP¥18.00 announcedShareholders will receive a dividend of JP¥18.00. Ex-date: 29th December 2025 Payment date: 10th March 2026 Dividend yield will be 4.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 23% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Sep 03WILLPLUS Holdings Corporation to Report Q1, 2026 Results on Nov 13, 2025WILLPLUS Holdings Corporation announced that they will report Q1, 2026 results on Nov 13, 2025
New Risk • Aug 16New 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: 2.4% 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: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (JP¥9.08b market cap, or US$61.7m).
Reported Earnings • Aug 16Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥158 (up from JP¥116 in FY 2024). Revenue: JP¥88.6b (up 86% from FY 2024). Net income: JP¥1.44b (up 28% from FY 2024). Profit margin: 1.6% (down from 2.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.0%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat.
お知らせ • Aug 14WILLPLUS Holdings Corporation, Annual General Meeting, Sep 25, 2025WILLPLUS Holdings Corporation, Annual General Meeting, Sep 25, 2025.
お知らせ • Jun 27WILLPLUS Holdings Corporation to Report Fiscal Year 2025 Results on Aug 14, 2025WILLPLUS Holdings Corporation announced that they will report fiscal year 2025 results on Aug 14, 2025
Upcoming Dividend • Jun 20Upcoming dividend of JP¥28.06 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 20 October 2025. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.6%).
Reported Earnings • May 17Third quarter 2025 earnings released: EPS: JP¥51.61 (vs JP¥23.37 in 3Q 2024)Third quarter 2025 results: EPS: JP¥51.61 (up from JP¥23.37 in 3Q 2024). Revenue: JP¥25.2b (up 108% from 3Q 2024). Net income: JP¥471.0m (up 107% from 3Q 2024). Profit margin: 1.9% (in line with 3Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
分析記事 • May 15WILLPLUS Holdings (TSE:3538) Is Increasing Its Dividend To ¥28.06The board of WILLPLUS Holdings Corporation ( TSE:3538 ) has announced that it will be paying its dividend of ¥28.06 on...
お知らせ • May 15WILLPLUS Holdings Corporation (TSE:3538) announces an Equity Buyback for 80,000 shares, representing 0.88% for ¥100 million.WILLPLUS Holdings Corporation (TSE:3538) announces a share repurchase program. Under the program, the company will repurchase up to 80,000 shares, representing 0.88% of its issued share capital, for ¥ 100 million. The purpose of the program is to promote human capital management and improve the Company's corporate value. The program is valid till May 30, 2025. As of March 31, 2025, the company had 9,130,148 shares (excluding treasury stock) and 1,272,072 shares in treasury.
分析記事 • Apr 09Take Care Before Diving Into The Deep End On WILLPLUS Holdings Corporation (TSE:3538)When close to half the companies in Japan have price-to-earnings ratios (or "P/E's") above 12x, you may consider...
Buy Or Sell Opportunity • Apr 08Now 20% overvaluedOver the last 90 days, the stock has fallen 5.1% to JP¥949. The fair value is estimated to be JP¥790, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 49% in the next 2 years.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥850, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Specialty Retail industry in Japan. Total returns to shareholders of 5.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥796 per share.
分析記事 • Mar 11WILLPLUS Holdings' (TSE:3538) Upcoming Dividend Will Be Larger Than Last Year'sWILLPLUS Holdings Corporation's ( TSE:3538 ) dividend will be increasing from last year's payment of the same period to...
Declared Dividend • Mar 11First half dividend of JP¥28.06 announcedShareholders will receive a dividend of JP¥28.06. Ex-date: 27th June 2025 Payment date: 20th October 2025 Dividend yield will be 4.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 23% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 06WILLPLUS Holdings Corporation to Report Q3, 2025 Results on May 13, 2025WILLPLUS Holdings Corporation announced that they will report Q3, 2025 results on May 13, 2025
分析記事 • Feb 21Concerns Surrounding WILLPLUS Holdings' (TSE:3538) PerformanceWILLPLUS Holdings Corporation's ( TSE:3538 ) robust recent earnings didn't do much to move the stock. However the...
Buy Or Sell Opportunity • Feb 19Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 1.6% to JP¥1,011. The fair value is estimated to be JP¥841, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 50% in 2 years. Earnings are forecast to grow by 45% in the next 2 years.
Reported Earnings • Feb 15Second quarter 2025 earnings released: EPS: JP¥43.88 (vs JP¥24.75 in 2Q 2024)Second quarter 2025 results: EPS: JP¥43.88 (up from JP¥24.75 in 2Q 2024). Revenue: JP¥21.0b (up 83% from 2Q 2024). Net income: JP¥400.0m (up 66% from 2Q 2024). Profit margin: 1.9% (down from 2.1% in 2Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Upcoming Dividend • Dec 20Upcoming dividend of JP¥17.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 11 March 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).
分析記事 • Dec 06WILLPLUS Holdings' (TSE:3538) Dividend Will Be ¥17.00The board of WILLPLUS Holdings Corporation ( TSE:3538 ) has announced that it will pay a dividend of ¥17.00 per share...
お知らせ • Dec 06WILLPLUS Holdings Corporation to Report Q2, 2025 Results on Feb 13, 2025WILLPLUS Holdings Corporation announced that they will report Q2, 2025 results on Feb 13, 2025
Reported Earnings • Nov 16First quarter 2025 earnings released: EPS: JP¥29.91 (vs JP¥20.58 in 1Q 2024)First quarter 2025 results: EPS: JP¥29.91 (up from JP¥20.58 in 1Q 2024). Revenue: JP¥20.0b (up 76% from 1Q 2024). Net income: JP¥272.0m (up 36% from 1Q 2024). Profit margin: 1.4% (down from 1.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
分析記事 • Oct 20WILLPLUS Holdings (TSE:3538) Will Pay A Dividend Of ¥17.00The board of WILLPLUS Holdings Corporation ( TSE:3538 ) has announced that it will pay a dividend of ¥17.00 per share...
Declared Dividend • Oct 19Final dividend of JP¥17.00 announcedShareholders will receive a dividend of JP¥17.00. Ex-date: 27th December 2024 Payment date: 11th March 2025 Dividend yield will be 4.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 26% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 66% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Oct 17WILLPLUS Holdings Corporation (TSE:3538) agreed to acquire Orion Auto Sales Co., Ltd. from Takayuki Nakamura and five other individuals for approximately ¥130 million.WILLPLUS Holdings Corporation (TSE:3538) agreed to acquire Orion Auto Sales Co., Ltd. from Takayuki Nakamura and five other individuals for approximately ¥130 million on October 16, 2024. A cash consideration of ¥133 million will be paid by WILLPLUS Holdings Corporation. As part of consideration, ¥133 million is paid towards common equity of Orion Auto Sales Co., Ltd. The expected completion of the transaction is December 1, 2024.
Reported Earnings • Oct 03Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥116 (down from JP¥135 in FY 2023). Revenue: JP¥47.7b (up 8.2% from FY 2023). Net income: JP¥1.12b (down 14% from FY 2023). Profit margin: 2.4% (down from 3.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 35%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail 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 increased by 1% per year, which means it is well ahead of earnings.
お知らせ • Sep 03WILLPLUS Holdings Corporation to Report Q1, 2025 Results on Nov 12, 2024WILLPLUS Holdings Corporation announced that they will report Q1, 2025 results on Nov 12, 2024
Reported Earnings • Aug 19Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥116 (down from JP¥135 in FY 2023). Revenue: JP¥47.7b (up 8.2% from FY 2023). Net income: JP¥1.12b (down 14% from FY 2023). Profit margin: 2.4% (down from 3.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 35%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Specialty Retail 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 increased by 6% per year, which means it is well ahead of earnings.
分析記事 • Aug 15Market Still Lacking Some Conviction On WILLPLUS Holdings Corporation (TSE:3538)With a median price-to-earnings (or "P/E") ratio of close to 13x in Japan, you could be forgiven for feeling...
お知らせ • Aug 14WILLPLUS Holdings Corporation, Annual General Meeting, Sep 26, 2024WILLPLUS Holdings Corporation, Annual General Meeting, Sep 26, 2024.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥968, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Specialty Retail industry in Japan. Total returns to shareholders of 1.7% over the past three years.
お知らせ • Jun 17WILLPLUS Holdings Corporation to Report Fiscal Year 2024 Results on Aug 14, 2024WILLPLUS Holdings Corporation announced that they will report fiscal year 2024 results on Aug 14, 2024
Reported Earnings • May 19Third quarter 2024 earnings released: EPS: JP¥23.37 (vs JP¥38.39 in 3Q 2023)Third quarter 2024 results: EPS: JP¥23.37 (down from JP¥38.39 in 3Q 2023). Revenue: JP¥12.1b (up 15% from 3Q 2023). Net income: JP¥228.0m (down 38% from 3Q 2023). Profit margin: 1.9% (down from 3.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 9% per year.
お知らせ • May 15+ 1 more updateWILLPLUS Holdings Corporation (TSE:3538) comleted the acquisition of 51% stake in Eng Inc. from Shinichiro Makino for ¥1.2 billionWILLPLUS Holdings Corporation (TSE:3538) agreed to acquire 51% stake in Eng Inc. from Shinichiro Makino for ¥1.6 billion on March 28, 2024. Eng Inc. reported net assets of ¥2,318 million, total assets of ¥5,287 million, sales of ¥28,902 million, operating profit of ¥612 million and net profit of ¥374 million as at December 2023. The transaction is expected to close on April 25, 2024. WILLPLUS Holdings Corporation (TSE:3538) comleted the acquisition of 51% stake in Eng Inc. from Shinichiro Makino for ¥1.2 billion on May 13, 2024.
分析記事 • Apr 25WILLPLUS Holdings (TSE:3538) Is Paying Out A Larger Dividend Than Last YearThe board of WILLPLUS Holdings Corporation ( TSE:3538 ) has announced that it will be paying its dividend of ¥27.51 on...
Board Change • Apr 12High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. GM of Management Headquarters & Director Takuya Yoda was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
分析記事 • Mar 30WILLPLUS Holdings (TSE:3538) Has A Somewhat Strained Balance SheetHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Mar 12WILLPLUS Holdings' (TSE:3538) Shareholders Will Receive A Bigger Dividend Than Last YearWILLPLUS Holdings Corporation ( TSE:3538 ) will increase its dividend from last year's comparable payment on the 13th...
お知らせ • Mar 03WILLPLUS Holdings Corporation to Report Q3, 2024 Results on May 14, 2024WILLPLUS Holdings Corporation announced that they will report Q3, 2024 results on May 14, 2024
分析記事 • Feb 27WILLPLUS Holdings' (TSE:3538) Upcoming Dividend Will Be Larger Than Last Year'sThe board of WILLPLUS Holdings Corporation ( TSE:3538 ) has announced that it will be paying its dividend of ¥27.51 on...
Declared Dividend • Feb 16First half dividend of JP¥27.51 announcedShareholders will receive a dividend of JP¥27.51. Ex-date: 27th June 2024 Payment date: 13th September 2024 Dividend yield will be 4.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 26% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 15Second quarter 2024 earnings released: EPS: JP¥24.75 (vs JP¥32.74 in 2Q 2023)Second quarter 2024 results: EPS: JP¥24.75 (down from JP¥32.74 in 2Q 2023). Revenue: JP¥11.5b (up 6.1% from 2Q 2023). Net income: JP¥241.0m (down 23% from 2Q 2023). Profit margin: 2.1% (down from 2.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 3% per year.
Upcoming Dividend • Dec 21Upcoming dividend of JP¥16.00 per share at 4.4% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 11 March 2024. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.4%).
お知らせ • Dec 06WILLPLUS Holdings Corporation to Report Q2, 2024 Results on Feb 13, 2024WILLPLUS Holdings Corporation announced that they will report Q2, 2024 results on Feb 13, 2024
Reported Earnings • Nov 20First quarter 2024 earnings released: EPS: JP¥20.58 (vs JP¥33.34 in 1Q 2023)First quarter 2024 results: EPS: JP¥20.58 (down from JP¥33.34 in 1Q 2023). Revenue: JP¥11.4b (up 16% from 1Q 2023). Net income: JP¥200.0m (down 37% from 1Q 2023). Profit margin: 1.8% (down from 3.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Sep 13WILLPLUS Holdings Corporation to Report Q1, 2024 Results on Nov 14, 2023WILLPLUS Holdings Corporation announced that they will report Q1, 2024 results on Nov 14, 2023
New Risk • Aug 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 39% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (39% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥11.0b market cap, or US$75.6m).
お知らせ • Aug 16WILLPLUS Holdings Corporation, Annual General Meeting, Sep 27, 2023WILLPLUS Holdings Corporation, Annual General Meeting, Sep 27, 2023.
Reported Earnings • Aug 16Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: JP¥135 (down from JP¥163 in FY 2022). Revenue: JP¥44.1b (up 11% from FY 2022). Net income: JP¥1.30b (down 16% from FY 2022). Profit margin: 3.0% (down from 3.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥26.17 per share at 3.4% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.3%).
お知らせ • Jun 04WILLPLUS Holdings Corporation to Report Fiscal Year 2023 Results on Aug 14, 2023WILLPLUS Holdings Corporation announced that they will report fiscal year 2023 results on Aug 14, 2023
Reported Earnings • May 13Third quarter 2023 earnings released: EPS: JP¥38.39 (vs JP¥39.39 in 3Q 2022)Third quarter 2023 results: EPS: JP¥38.39 (down from JP¥39.39 in 3Q 2022). Revenue: JP¥10.5b (up 9.4% from 3Q 2022). Net income: JP¥370.0m (down 1.3% from 3Q 2022). Profit margin: 3.5% (down from 3.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year and the company’s share price has also increased by 16% per year.
Board Change • Mar 19Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Nobuo Iwabuchi was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 12Second quarter 2023 earnings released: EPS: JP¥32.74 (vs JP¥51.92 in 2Q 2022)Second quarter 2023 results: EPS: JP¥32.74 (down from JP¥51.92 in 2Q 2022). Revenue: JP¥10.9b (up 4.3% from 2Q 2022). Net income: JP¥314.0m (down 36% from 2Q 2022). Profit margin: 2.9% (down from 4.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 10 March 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%).
お知らせ • Dec 04WILLPLUS Holdings Corporation to Report Q2, 2023 Results on Feb 10, 2023WILLPLUS Holdings Corporation announced that they will report Q2, 2023 results on Feb 10, 2023
Reported Earnings • Nov 16First quarter 2023 earnings released: EPS: JP¥33.34 (vs JP¥41.83 in 1Q 2022)First quarter 2023 results: EPS: JP¥33.34 (down from JP¥41.83 in 1Q 2022). Revenue: JP¥9.81b (up 2.6% from 1Q 2022). Net income: JP¥319.0m (down 20% from 1Q 2022). Profit margin: 3.3% (down from 4.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 13First quarter 2023 earnings released: EPS: JP¥33.34 (vs JP¥41.83 in 1Q 2022)First quarter 2023 results: EPS: JP¥33.34 (down from JP¥41.83 in 1Q 2022). Revenue: JP¥9.81b (up 2.6% from 1Q 2022). Net income: JP¥319.0m (down 20% from 1Q 2022). Profit margin: 3.3% (down from 4.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 14WILLPLUS Holdings Corporation, Annual General Meeting, Sep 28, 2022WILLPLUS Holdings Corporation, Annual General Meeting, Sep 28, 2022.
Reported Earnings • Aug 14Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: JP¥163 (up from JP¥161 in FY 2021). Revenue: JP¥39.7b (down 2.6% from FY 2021). Net income: JP¥1.55b (up 1.1% from FY 2021). Profit margin: 3.9% (up from 3.8% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 12%, compared to a 7.9% growth forecast for the retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥29.90 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 29 September 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%).
お知らせ • Jun 05WILLPLUS Holdings Corporation to Report Fiscal Year 2022 Results on Aug 12, 2022WILLPLUS Holdings Corporation announced that they will report fiscal year 2022 results on Aug 12, 2022
Reported Earnings • May 13Third quarter 2022 earnings released: EPS: JP¥39.39 (vs JP¥37.17 in 3Q 2021)Third quarter 2022 results: EPS: JP¥39.39 (up from JP¥37.17 in 3Q 2021). Revenue: JP¥9.64b (down 2.0% from 3Q 2021). Net income: JP¥375.0m (up 6.2% from 3Q 2021). Profit margin: 3.9% (up from 3.6% in 3Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 7.2%, compared to a 7.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). External Auditor Kaori Suzuki was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
お知らせ • Apr 07WILLPLUS Holdings Corporation to Report Q3, 2022 Results on May 11, 2022WILLPLUS Holdings Corporation announced that they will report Q3, 2022 results on May 11, 2022
Buying Opportunity • Apr 07Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 9.3%. The fair value is estimated to be JP¥1,135, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to decline by 2.5% in the next 2 years.
Buying Opportunity • Mar 07Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.5%. The fair value is estimated to be JP¥1,113, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% per annum over the last 3 years. Earnings per share has grown by 30% per annum over the last 3 years.
お知らせ • Mar 03+ 1 more updateWILLPLUS Holdings Corporation Provides Earnings Guidance for the Full Year of 2022WILLPLUS Holdings Corporation provided earnings guidance for the full year of 2022. The company expects net sales of ¥41,067 million, operating profit of ¥2,149 million and profit of ¥1,386 million.
Reported Earnings • Feb 12Second quarter 2022 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2022 results: EPS: JP¥51.92 (down from JP¥52.06 in 2Q 2021). Revenue: JP¥10.4b (down 2.4% from 2Q 2021). Net income: JP¥494.0m (flat on 2Q 2021). Profit margin: 4.7% (up from 4.6% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 5.4%, compared to a 7.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 10 March 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%).
Reported Earnings • Nov 12First quarter 2022 earnings released: EPS JP¥41.83 (vs JP¥32.25 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥9.56b (up 3.4% from 1Q 2021). Net income: JP¥398.0m (up 30% from 1Q 2021). Profit margin: 4.2% (up from 3.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Oct 05Full year 2021 earnings released: EPS JP¥161 (vs JP¥85.30 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥40.8b (up 16% from FY 2020). Net income: JP¥1.53b (up 91% from FY 2020). Profit margin: 3.8% (up from 2.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥20.79 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 30 September 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.1%). Higher than average of industry peers (1.3%).
Reported Earnings • May 12Third quarter 2021 earnings released: EPS JP¥37.17 (vs JP¥16.79 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥9.84b (up 12% from 3Q 2020). Net income: JP¥353.0m (up 123% from 3Q 2020). Profit margin: 3.6% (up from 1.8% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% 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 • Mar 05WILLPLUS Holdings Corporation to Report Q3, 2021 Results on May 10, 2021WILLPLUS Holdings Corporation announced that they will report Q3, 2021 results on May 10, 2021
Is New 90 Day High Low • Mar 03New 90-day high: JP¥1,176The company is up 67% from its price of JP¥704 on 03 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 9.0% over the same period.
Reported Earnings • Feb 14Second quarter 2021 earnings released: EPS JP¥52.06 (vs JP¥18.89 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥10.7b (up 38% from 2Q 2020). Net income: JP¥494.0m (up 179% from 2Q 2020). Profit margin: 4.6% (up from 2.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improved over the past weekAfter last week's 19% share price gain to JP¥969, the stock is trading at a trailing P/E ratio of 11.5x, up from the previous P/E ratio of 9.6x. This compares to an average P/E of 13x in the Specialty Retail industry in Japan. Total return to shareholders over the past three years is a loss of 24%.
Is New 90 Day High Low • Feb 08New 90-day high: JP¥829The company is up 34% from its price of JP¥620 on 10 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 6.0% over the same period.
Is New 90 Day High Low • Jan 20New 90-day high: JP¥773The company is up 32% from its price of JP¥587 on 22 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 10.0% over the same period.
Is New 90 Day High Low • Dec 29New 90-day high: JP¥727The company is up 31% from its price of JP¥554 on 30 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 10.0% over the same period.
お知らせ • Dec 04WILLPLUS Holdings Corporation to Report Q2, 2021 Results on Feb 10, 2021WILLPLUS Holdings Corporation announced that they will report Q2, 2021 results on Feb 10, 2021
Is New 90 Day High Low • Dec 02New 90-day high: JP¥684The company is up 16% from its price of JP¥588 on 03 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 15% over the same period.
お知らせ • Sep 06WILLPLUS Holdings Corporation to Report Q1, 2021 Results on Nov 11, 2020WILLPLUS Holdings Corporation announced that they will report Q1, 2021 results on Nov 11, 2020
