View ValuationUSS 将来の成長Future 基準チェック /16USS利益と収益がそれぞれ年間0.4%と1.3%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に20.8% 3.2%なると予測されています。主要情報0.4%収益成長率3.18%EPS成長率Specialty Retail 収益成長9.1%収益成長率1.3%将来の株主資本利益率20.80%アナリストカバレッジGood最終更新日13 May 2026今後の成長に関する最新情報分析記事 • May 15USS Co., Ltd. (TSE:4732) Just Reported Full-Year Earnings: Have Analysts Changed Their Mind On The Stock?It's been a good week for USS Co., Ltd. ( TSE:4732 ) shareholders, because the company has just released its latest...分析記事 • Feb 14USS Co., Ltd. (TSE:4732) Just Released Its Third-Quarter Results And Analysts Are Updating Their EstimatesIt's been a good week for USS Co., Ltd. ( TSE:4732 ) shareholders, because the company has just released its latest...Price Target Changed • Dec 30Price target increased by 7.1% to JP¥2,710Up from JP¥2,530, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥2,836. Stock is up 35% over the past year. The company is forecast to post earnings per share of JP¥136 for next year compared to JP¥123 last year.Price Target Changed • Jun 30Price target increased to JP¥2,302Up from JP¥2,128, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥2,349. Stock is up 21% over the past year. The company is forecast to post earnings per share of JP¥124 for next year compared to JP¥120 last year.Price Target Changed • May 15Price target increased to JP¥2,228Up from JP¥2,003, the current price target is an average from 4 analysts. New target price is 11% below last closing price of JP¥2,513. Stock is up 31% over the past year. The company is forecast to post earnings per share of JP¥117 for next year compared to JP¥120 last year.すべての更新を表示Recent updatesライブニュース • May 15USS Reports Record Sales Strong Profit and Major Share Buyback With Positive OutlookUSS reported record-high sales and profits for FY2025, driven mainly by firm auto auction activity and robust auction prices. Management plans higher capital expenditures for FY2026 while still projecting continued growth. The company completed an approximately ¥18 billion share buyback, repurchasing about 8.3 million shares, and is targeting payout ratios at or above current levels alongside increased dividends and treasury share actions. The combination of record earnings, active buybacks and a higher payout ratio indicates a clear focus on returning cash to shareholders while continuing to invest in the core auction business. It is worth monitoring how the planned capital expenditures and ongoing capital return programs affect cash flow and balance sheet flexibility, particularly if auction conditions or transaction volumes change.分析記事 • May 15USS Co., Ltd. (TSE:4732) Just Reported Full-Year Earnings: Have Analysts Changed Their Mind On The Stock?It's been a good week for USS Co., Ltd. ( TSE:4732 ) shareholders, because the company has just released its latest...お知らせ • May 14USS Co., Ltd. (TSE:4732) announces an Equity Buyback for 12,000,000 shares, representing 2.58% for ¥18,000 million.USS Co., Ltd. (TSE:4732) announces a share repurchase program. Under the program, the company will repurchase up to 12,000,000 shares, representing 2.58% of its issued share capital (excluding treasury stock), for a total purchase price of ¥18,000 million. The purpose of the program is to enhance corporate value by maintaining a Return on Equity (ROE) of no less than 20% and to strengthen shareholder returns through a combination of stable dividends and continuous share repurchases. The program is valid till May 13, 2026. As of March 31, 2026, the company has 464,373,398 issued shares (excluding treasury stock) and 9,626,602 treasury shares.Reported Earnings • May 13Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥88.78 (up from JP¥78.66 in FY 2025). Revenue: JP¥113.9b (up 9.5% from FY 2025). Net income: JP¥41.4b (up 9.9% from FY 2025). Profit margin: 36% (in line with FY 2025). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year.お知らせ • May 12USS Co., Ltd., Annual General Meeting, Jun 23, 2026USS Co., Ltd., Annual General Meeting, Jun 23, 2026.お知らせ • May 10USS Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026USS Co., Ltd. announced that they will report fiscal year 2026 results on May 12, 2026Upcoming Dividend • Mar 23Upcoming dividend of JP¥26.60 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.4%).分析記事 • Feb 16USS' (TSE:4732) Dividend Will Be Increased To ¥26.60USS Co., Ltd. ( TSE:4732 ) will increase its dividend from last year's comparable payment on the 25th of June to...分析記事 • Feb 14USS Co., Ltd. (TSE:4732) Just Released Its Third-Quarter Results And Analysts Are Updating Their EstimatesIt's been a good week for USS Co., Ltd. ( TSE:4732 ) shareholders, because the company has just released its latest...Reported Earnings • Feb 11Third quarter 2026 earnings released: EPS: JP¥22.59 (vs JP¥19.79 in 3Q 2025)Third quarter 2026 results: EPS: JP¥22.59 (up from JP¥19.79 in 3Q 2025). Revenue: JP¥29.0b (up 11% from 3Q 2025). Net income: JP¥10.5b (up 11% from 3Q 2025). Profit margin: 36% (in line with 3Q 2025). Revenue is forecast to grow 1.9% 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 increased by 12% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Jan 26Investors Shouldn't Overlook USS' (TSE:4732) Impressive Returns On CapitalThere are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...分析記事 • Dec 27Estimating The Intrinsic Value Of USS Co., Ltd. (TSE:4732)Key Insights The projected fair value for USS is JP¥1,669 based on 2 Stage Free Cash Flow to Equity With JP¥1,741 share...分析記事 • Dec 14USS' (TSE:4732) Shareholders Will Receive A Bigger Dividend Than Last YearUSS Co., Ltd. ( TSE:4732 ) will increase its dividend from last year's comparable payment on the 25th of June to...Declared Dividend • Dec 13First half dividend of JP¥26.20 announcedShareholders will receive a dividend of JP¥26.20. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 3.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (75% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.分析記事 • Dec 06We Think USS (TSE:4732) Can Manage Its Debt With EaseHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...お知らせ • Nov 29USS Co., Ltd. to Report Q3, 2026 Results on Feb 10, 2026USS Co., Ltd. announced that they will report Q3, 2026 results on Feb 10, 2026Reported Earnings • Nov 13Second quarter 2026 earnings released: EPS: JP¥20.94 (vs JP¥18.50 in 2Q 2025)Second quarter 2026 results: EPS: JP¥20.94 (up from JP¥18.50 in 2Q 2025). Revenue: JP¥26.6b (up 7.1% from 2Q 2025). Net income: JP¥9.72b (up 9.3% from 2Q 2025). Profit margin: 37% (in line with 2Q 2025). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 6.7% 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 whereas the company’s share price has increased by 16% per year.分析記事 • Nov 10If EPS Growth Is Important To You, USS (TSE:4732) Presents An OpportunityInvestors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...分析記事 • Oct 28USS Co., Ltd.'s (TSE:4732) Popularity With Investors Is Under Threat From OverpricingWith a price-to-earnings (or "P/E") ratio of 20.6x USS Co., Ltd. ( TSE:4732 ) may be sending bearish signals at the...分析記事 • Oct 10We Like USS' (TSE:4732) Returns And Here's How They're TrendingIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...分析記事 • Sep 25USS (TSE:4732) Will Pay A Larger Dividend Than Last Year At ¥25.20USS Co., Ltd. ( TSE:4732 ) has announced that it will be increasing its dividend from last year's comparable payment on...Upcoming Dividend • Sep 22Upcoming dividend of JP¥25.20 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).お知らせ • Sep 01USS Co., Ltd. to Report Q2, 2026 Results on Nov 11, 2025USS Co., Ltd. announced that they will report Q2, 2026 results on Nov 11, 2025Reported Earnings • Aug 06First quarter 2026 earnings released: EPS: JP¥22.10 (vs JP¥19.26 in 1Q 2025)First quarter 2026 results: EPS: JP¥22.10 (up from JP¥19.26 in 1Q 2025). Revenue: JP¥27.4b (up 6.8% from 1Q 2025). Net income: JP¥10.2b (up 11% from 1Q 2025). Profit margin: 37% (up from 36% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% 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 increased by 11% per year whereas the company’s share price has increased by 15% per year.Declared Dividend • Jul 09Final dividend of JP¥24.30 announcedShareholders will receive a dividend of JP¥24.30. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 2.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jun 27Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥78.66 (up from JP¥68.28 in FY 2024). Revenue: JP¥104.0b (up 6.6% from FY 2024). Net income: JP¥37.6b (up 14% from FY 2024). Profit margin: 36% (up from 34% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%. Revenue is forecast to grow 2.9% 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 increased by 9% per year whereas the company’s share price has increased by 10% per year.お知らせ • Jun 24USS Co., Ltd. (TSE:4732) announces an Equity Buyback for 11,000,000 shares, representing 2.32% for ¥16,000 million.USS Co., Ltd. (TSE:4732) announces a share repurchase program. Under the program, the company will repurchase up to 11,000,000 shares, representing 2.32% of its issued share capital (excluding treasury stock), for a total purchase price of ¥16,000 million. The purpose of the program is to enhance corporate value by maintaining a Return on Equity (ROE) of no less than 20% and to strengthen shareholder returns through a combination of stable dividends and continuous share repurchases. The program is valid till June 25, 2025 . As of March 31, 2025, the company has 473,612,378 issued shares (excluding treasury stock) and 40,387,622 treasury shares.分析記事 • Jun 13A Look At The Fair Value Of USS Co., Ltd. (TSE:4732)Key Insights USS' estimated fair value is JP¥1,594 based on 2 Stage Free Cash Flow to Equity Current share price of...お知らせ • May 31USS Co., Ltd. to Report Q1, 2026 Results on Aug 05, 2025USS Co., Ltd. announced that they will report Q1, 2026 results on Aug 05, 2025分析記事 • May 30USS (TSE:4732) Seems To Use Debt Rather SparinglySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • May 15Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥78.66 (up from JP¥68.28 in FY 2024). Revenue: JP¥104.0b (up 6.6% from FY 2024). Net income: JP¥37.6b (up 14% from FY 2024). Profit margin: 36% (up from 34% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%. Revenue is forecast to grow 1.4% 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 increased by 9% per year whereas the company’s share price has increased by 7% per year.お知らせ • May 13USS Co., Ltd., Annual General Meeting, Jun 24, 2025USS Co., Ltd., Annual General Meeting, Jun 24, 2025.Upcoming Dividend • Mar 21Upcoming dividend of JP¥21.50 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%).お知らせ • Mar 01USS Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025USS Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025Reported Earnings • Feb 05Third quarter 2025 earnings released: EPS: JP¥19.79 (vs JP¥17.29 in 3Q 2024)Third quarter 2025 results: EPS: JP¥19.79 (up from JP¥17.29 in 3Q 2024). Revenue: JP¥26.2b (up 12% from 3Q 2024). Net income: JP¥9.47b (up 14% from 3Q 2024). Profit margin: 36% (in line with 3Q 2024). Revenue is forecast to grow 1.5% 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 increased by 18% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Declared Dividend • Dec 07First half dividend of JP¥21.00 announcedShareholders will receive a dividend of JP¥21.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 3.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 8.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 9.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Dec 01USS Co., Ltd. to Report Q3, 2025 Results on Feb 04, 2025USS Co., Ltd. announced that they will report Q3, 2025 results on Feb 04, 2025Reported Earnings • Nov 08Second quarter 2025 earnings released: EPS: JP¥18.50 (vs JP¥16.78 in 2Q 2024)Second quarter 2025 results: EPS: JP¥18.50 (up from JP¥16.78 in 2Q 2024). Revenue: JP¥24.8b (up 2.7% from 2Q 2024). Net income: JP¥8.89b (up 10% from 2Q 2024). Profit margin: 36% (up from 33% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 2.1% 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 increased by 26% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 07USS Co., Ltd. (TSE:4732) announces an Equity Buyback for 10,000,000 shares, representing 2.08% for ¥10,000 million.USS Co., Ltd. (TSE:4732) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares, representing 2.08% of its issued share capital (excluding treasury stock), for a total purchase price of ¥10,000 million. The purpose of the program is to improve corporate value, improving capital efficiency and to improve shareholder returns. The program is valid till March 31, 2025 . As of August 31, 2024, the company has 480,979,778 issued shares (excluding treasury stock) and 33,020,222 treasury shares.Upcoming Dividend • Sep 20Upcoming dividend of JP¥20.60 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).お知らせ • Aug 27USS Co., Ltd. to Report Q2, 2025 Results on Nov 05, 2024USS Co., Ltd. announced that they will report Q2, 2025 results on Nov 05, 2024Reported Earnings • Aug 08First quarter 2025 earnings released: EPS: JP¥19.26 (vs JP¥16.65 in 1Q 2024)First quarter 2025 results: EPS: JP¥19.26 (up from JP¥16.65 in 1Q 2024). Revenue: JP¥25.6b (up 7.2% from 1Q 2024). Net income: JP¥9.25b (up 14% from 1Q 2024). Profit margin: 36% (up from 34% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.1% 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 increased by 35% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Aug 05Now 26% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.4% to JP¥1,155. The fair value is estimated to be JP¥1,554, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 45%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are also forecast to grow by 3.1% per annum over the same time period.Declared Dividend • Jul 11Final dividend of JP¥20.10 announcedShareholders will receive a dividend of JP¥20.10. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 4.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 9.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 02USS Co., Ltd. to Report Q1, 2025 Results on Aug 06, 2024USS Co., Ltd. announced that they will report Q1, 2025 results on Aug 06, 2024お知らせ • May 10USS Co., Ltd., Annual General Meeting, Jun 25, 2024USS Co., Ltd., Annual General Meeting, Jun 25, 2024.New Risk • May 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.09% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.New Risk • Mar 27New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 113% Dividend yield: 6.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Upcoming Dividend • Mar 21Upcoming dividend of JP¥38.40 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%).お知らせ • Mar 02USS Co., Ltd. to Report Fiscal Year 2024 Results on May 08, 2024USS Co., Ltd. announced that they will report fiscal year 2024 results on May 08, 2024Reported Earnings • Feb 08Third quarter 2024 earnings released: EPS: JP¥34.58 (vs JP¥29.68 in 3Q 2023)Third quarter 2024 results: EPS: JP¥34.58 (up from JP¥29.68 in 3Q 2023). Revenue: JP¥23.4b (up 6.6% from 3Q 2023). Net income: JP¥8.30b (up 14% from 3Q 2023). Profit margin: 35% (up from 33% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat 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 42% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Jan 22Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to JP¥2,885. The fair value is estimated to be JP¥2,391, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 0.2% per annum. Earnings are also forecast to grow by 0.1% per annum over the same time period.Price Target Changed • Dec 30Price target increased by 7.1% to JP¥2,710Up from JP¥2,530, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥2,836. Stock is up 35% over the past year. The company is forecast to post earnings per share of JP¥136 for next year compared to JP¥123 last year.お知らせ • Nov 27USS Co., Ltd. to Report Q3, 2024 Results on Feb 06, 2024USS Co., Ltd. announced that they will report Q3, 2024 results on Feb 06, 2024Reported Earnings • Nov 08Second quarter 2024 earnings released: EPS: JP¥33.57 (vs JP¥29.35 in 2Q 2023)Second quarter 2024 results: EPS: JP¥33.57 (up from JP¥29.35 in 2Q 2023). Revenue: JP¥24.2b (up 14% from 2Q 2023). Net income: JP¥8.06b (up 12% from 2Q 2023). Profit margin: 33% (in line with 2Q 2023). Revenue is forecast to stay flat 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 39% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 21Upcoming dividend of JP¥34.70 per share at 2.8% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%).お知らせ • Aug 27USS Co., Ltd. to Report Q2, 2024 Results on Nov 07, 2023USS Co., Ltd. announced that they will report Q2, 2024 results on Nov 07, 2023Reported Earnings • Aug 10First quarter 2024 earnings released: EPS: JP¥33.29 (vs JP¥30.39 in 1Q 2023)First quarter 2024 results: EPS: JP¥33.29 (up from JP¥30.39 in 1Q 2023). Revenue: JP¥23.9b (up 13% from 1Q 2023). Net income: JP¥8.10b (up 8.9% from 1Q 2023). Profit margin: 34% (down from 35% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% 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 increased by 34% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 22USS Co., Ltd. (TSE:4732) announces an Equity Buyback for 5,000,000 shares, for ¥12,500 million.USS Co., Ltd. (TSE:4732) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 2.04% of its issued share capital (excluding treasury stock), for a total purchase price of ¥12,500 million. The purpose of the program is to improve corporate value, business expansion through investment and capital policies and to improve shareholder returns. As of March 31, 2023, the company has 244,627,014 issued shares (excluding treasury stock) and 12,372,986 treasury shares.Reported Earnings • Jun 22Full year 2023 earnings: EPS in line with analyst expectations despite revenue beatFull year 2023 results: EPS: JP¥123 (up from JP¥120 in FY 2022). Revenue: JP¥88.8b (up 9.0% from FY 2022). Net income: JP¥30.0b (flat on FY 2022). Profit margin: 34% (down from 37% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 1.8% 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 increased by 27% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 19USS Co., Ltd. to Report Q1, 2024 Results on Aug 08, 2023USS Co., Ltd. announced that they will report Q1, 2024 results on Aug 08, 2023Reported Earnings • May 10Full year 2023 earnings: EPS in line with analyst expectations despite revenue beatFull year 2023 results: EPS: JP¥123 (up from JP¥120 in FY 2022). Revenue: JP¥88.8b (up 9.0% from FY 2022). Net income: JP¥30.0b (flat on FY 2022). Profit margin: 34% (down from 37% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 5.9% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Mar 23Upcoming dividend of JP¥33.80 per share at 3.0% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 22 June 2023. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).Reported Earnings • Feb 12Third quarter 2023 earnings released: EPS: JP¥29.68 (vs JP¥32.18 in 3Q 2022)Third quarter 2023 results: EPS: JP¥29.68 (down from JP¥32.18 in 3Q 2022). Revenue: JP¥22.0b (up 11% from 3Q 2022). Net income: JP¥7.26b (down 9.2% from 3Q 2022). Profit margin: 33% (down from 40% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat 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 15% 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 • Dec 01USS Co., Ltd. to Report Q3, 2023 Results on Feb 07, 2023USS Co., Ltd. announced that they will report Q3, 2023 results on Feb 07, 2023Board Change • Nov 16High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. 2 highly experienced directors. President, Representative Director & COO Dai Seta is the most experienced director on the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Nov 10Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: JP¥29.35 (up from JP¥27.57 in 2Q 2022). Revenue: JP¥21.3b (up 9.7% from 2Q 2022). Net income: JP¥7.18b (up 4.4% from 2Q 2022). Profit margin: 34% (down from 35% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to stay flat 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 3% per year whereas the company’s share price has increased by 1% per year.Upcoming Dividend • Sep 22Upcoming dividend of JP¥33.70 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 12 December 2022. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%).Reported Earnings • Aug 03First quarter 2023 earnings released: EPS: JP¥30.39 (vs JP¥29.47 in 1Q 2022)First quarter 2023 results: EPS: JP¥30.39 (up from JP¥29.47 in 1Q 2022). Revenue: JP¥21.1b (up 3.8% from 1Q 2022). Net income: JP¥7.44b (up 1.2% from 1Q 2022). Profit margin: 35% (in line with 1Q 2022). Over the next year, revenue is forecast to grow 3.0%, compared to a 7.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Board Change • Aug 01High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. 2 highly experienced directors. President, Representative Director & COO Dai Seta is the most experienced director on the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Board Change • Jul 18High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. 2 highly experienced directors. President, Representative Director & COO Dai Seta is the most experienced director on the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Price Target Changed • Jun 30Price target increased to JP¥2,302Up from JP¥2,128, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥2,349. Stock is up 21% over the past year. The company is forecast to post earnings per share of JP¥124 for next year compared to JP¥120 last year.Reported Earnings • Jun 26Full year 2022 earnings: Revenues exceed analyst expectationsFull year 2022 results: Revenue: JP¥81.5b (up 8.8% from FY 2021). Net income: JP¥29.7b (up JP¥25.7b from FY 2021). Profit margin: 37% (up from 5.4% in FY 2021). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 3.7%, compared to a 7.5% growth forecast for the retail industry in Japan.Price Target Changed • May 15Price target increased to JP¥2,228Up from JP¥2,003, the current price target is an average from 4 analysts. New target price is 11% below last closing price of JP¥2,513. Stock is up 31% over the past year. The company is forecast to post earnings per share of JP¥117 for next year compared to JP¥120 last year.Reported Earnings • May 11Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: JP¥120 (up from JP¥16.13 in FY 2021). Revenue: JP¥81.5b (up 8.8% from FY 2021). Net income: JP¥29.7b (up JP¥25.7b from FY 2021). Profit margin: 37% (up from 5.4% in FY 2021). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 4.0%. Over the next year, revenue is forecast to stay flat compared to a 7.4% growth forecast for the retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Upcoming Dividend • Mar 23Upcoming dividend of JP¥29.20 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 16 June 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%).Reported Earnings • Feb 08Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: EPS: JP¥32.18 (up from JP¥27.16 in 3Q 2021). Revenue: JP¥19.8b (flat on 3Q 2021). Net income: JP¥8.00b (up 18% from 3Q 2021). Profit margin: 40% (up from 34% in 3Q 2021). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 80%. Over the next year, revenue is forecast to grow 1.4%, compared to a 7.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.業績と収益の成長予測TSE:4732 - アナリストの将来予測と過去の財務データ ( )JPY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/2029117,00041,20035,30050,30013/31/2028119,08342,42735,77048,25763/31/2027116,80041,66037,30044,30053/31/2026113,85441,36032,87543,913N/A12/31/2025110,33840,45742,38647,321N/A9/30/2025107,54439,44732,24038,212N/A6/30/2025105,77038,61632,61337,724N/A3/31/2025104,02137,63633,88738,157N/A12/31/2024102,74436,05133,18937,411N/A9/30/202499,96934,88238,18740,931N/A6/30/202499,31734,05641,48344,339N/A3/31/202497,60632,90644,48547,150N/A12/31/202395,88432,60232,55937,228N/A9/30/202394,44231,55833,55638,180N/A6/30/202391,57130,67336,17940,813N/A3/31/202388,77830,00832,34136,907N/A12/31/202286,26729,39831,52133,923N/A9/30/202284,12730,13639,38841,699N/A6/30/202282,24829,83435,33237,405N/A3/31/202281,48229,74534,59436,630N/A12/31/202180,5338,52533,94335,897N/A9/30/202180,3817,30034,89236,745N/A6/30/202179,1886,75231,27936,873N/A3/31/202174,8744,02229,42238,407N/A12/31/202073,92320,07928,61438,076N/A9/30/202073,62819,34719,49129,367N/A6/30/202074,33818,99420,50627,356N/A3/31/202078,14320,63422,72627,245N/A12/31/201979,75325,337N/A29,281N/A9/30/201979,85825,442N/A33,089N/A6/30/201979,78225,363N/A33,623N/A3/31/201979,90825,543N/A32,894N/A12/31/201879,48925,087N/A33,545N/A9/30/201879,17324,819N/A32,923N/A6/30/201877,50224,728N/A32,196N/A3/31/201875,15324,285N/A32,505N/A12/31/201772,56024,213N/A28,980N/A9/30/201769,64623,868N/A30,256N/A6/30/201768,23323,220N/A29,410N/A3/31/201767,17922,909N/A28,882N/A12/31/201666,86822,362N/A26,767N/A9/30/201667,31922,025N/A29,009N/A6/30/201668,18722,373N/A28,244N/A3/31/201668,60722,477N/A26,030N/A12/31/201568,81422,387N/A27,186N/A9/30/201568,85522,569N/A26,295N/A6/30/201568,18822,206N/A25,536N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 4732の予測収益成長率 (年間0.4% ) は 貯蓄率 ( 0.8% ) を下回っています。収益対市場: 4732の収益 ( 0.4% ) JP市場 ( 8.9% ) よりも低い成長が予測されています。高成長収益: 4732の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: 4732の収益 ( 1.3% ) JP市場 ( 5.2% ) よりも低い成長が予測されています。高い収益成長: 4732の収益 ( 1.3% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 4732の 自己資本利益率 は、3年後には高くなると予測されています ( 20.8 %)成長企業の発掘7D1Y7D1Y7D1YRetail 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 15:28終値2026/05/21 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク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USS Co., Ltd. 6 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。11 アナリスト機関Koichi SugimotoBofA Global ResearchManabu HagiwaraCitigroup IncJiro KojimaDaiwa Securities Co. Ltd.8 その他のアナリストを表示
分析記事 • May 15USS Co., Ltd. (TSE:4732) Just Reported Full-Year Earnings: Have Analysts Changed Their Mind On The Stock?It's been a good week for USS Co., Ltd. ( TSE:4732 ) shareholders, because the company has just released its latest...
分析記事 • Feb 14USS Co., Ltd. (TSE:4732) Just Released Its Third-Quarter Results And Analysts Are Updating Their EstimatesIt's been a good week for USS Co., Ltd. ( TSE:4732 ) shareholders, because the company has just released its latest...
Price Target Changed • Dec 30Price target increased by 7.1% to JP¥2,710Up from JP¥2,530, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥2,836. Stock is up 35% over the past year. The company is forecast to post earnings per share of JP¥136 for next year compared to JP¥123 last year.
Price Target Changed • Jun 30Price target increased to JP¥2,302Up from JP¥2,128, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥2,349. Stock is up 21% over the past year. The company is forecast to post earnings per share of JP¥124 for next year compared to JP¥120 last year.
Price Target Changed • May 15Price target increased to JP¥2,228Up from JP¥2,003, the current price target is an average from 4 analysts. New target price is 11% below last closing price of JP¥2,513. Stock is up 31% over the past year. The company is forecast to post earnings per share of JP¥117 for next year compared to JP¥120 last year.
ライブニュース • May 15USS Reports Record Sales Strong Profit and Major Share Buyback With Positive OutlookUSS reported record-high sales and profits for FY2025, driven mainly by firm auto auction activity and robust auction prices. Management plans higher capital expenditures for FY2026 while still projecting continued growth. The company completed an approximately ¥18 billion share buyback, repurchasing about 8.3 million shares, and is targeting payout ratios at or above current levels alongside increased dividends and treasury share actions. The combination of record earnings, active buybacks and a higher payout ratio indicates a clear focus on returning cash to shareholders while continuing to invest in the core auction business. It is worth monitoring how the planned capital expenditures and ongoing capital return programs affect cash flow and balance sheet flexibility, particularly if auction conditions or transaction volumes change.
分析記事 • May 15USS Co., Ltd. (TSE:4732) Just Reported Full-Year Earnings: Have Analysts Changed Their Mind On The Stock?It's been a good week for USS Co., Ltd. ( TSE:4732 ) shareholders, because the company has just released its latest...
お知らせ • May 14USS Co., Ltd. (TSE:4732) announces an Equity Buyback for 12,000,000 shares, representing 2.58% for ¥18,000 million.USS Co., Ltd. (TSE:4732) announces a share repurchase program. Under the program, the company will repurchase up to 12,000,000 shares, representing 2.58% of its issued share capital (excluding treasury stock), for a total purchase price of ¥18,000 million. The purpose of the program is to enhance corporate value by maintaining a Return on Equity (ROE) of no less than 20% and to strengthen shareholder returns through a combination of stable dividends and continuous share repurchases. The program is valid till May 13, 2026. As of March 31, 2026, the company has 464,373,398 issued shares (excluding treasury stock) and 9,626,602 treasury shares.
Reported Earnings • May 13Full year 2026 earnings: EPS and revenues exceed analyst expectationsFull year 2026 results: EPS: JP¥88.78 (up from JP¥78.66 in FY 2025). Revenue: JP¥113.9b (up 9.5% from FY 2025). Net income: JP¥41.4b (up 9.9% from FY 2025). Profit margin: 36% (in line with FY 2025). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year.
お知らせ • May 12USS Co., Ltd., Annual General Meeting, Jun 23, 2026USS Co., Ltd., Annual General Meeting, Jun 23, 2026.
お知らせ • May 10USS Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026USS Co., Ltd. announced that they will report fiscal year 2026 results on May 12, 2026
Upcoming Dividend • Mar 23Upcoming dividend of JP¥26.60 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.4%).
分析記事 • Feb 16USS' (TSE:4732) Dividend Will Be Increased To ¥26.60USS Co., Ltd. ( TSE:4732 ) will increase its dividend from last year's comparable payment on the 25th of June to...
分析記事 • Feb 14USS Co., Ltd. (TSE:4732) Just Released Its Third-Quarter Results And Analysts Are Updating Their EstimatesIt's been a good week for USS Co., Ltd. ( TSE:4732 ) shareholders, because the company has just released its latest...
Reported Earnings • Feb 11Third quarter 2026 earnings released: EPS: JP¥22.59 (vs JP¥19.79 in 3Q 2025)Third quarter 2026 results: EPS: JP¥22.59 (up from JP¥19.79 in 3Q 2025). Revenue: JP¥29.0b (up 11% from 3Q 2025). Net income: JP¥10.5b (up 11% from 3Q 2025). Profit margin: 36% (in line with 3Q 2025). Revenue is forecast to grow 1.9% 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 increased by 12% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Jan 26Investors Shouldn't Overlook USS' (TSE:4732) Impressive Returns On CapitalThere are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...
分析記事 • Dec 27Estimating The Intrinsic Value Of USS Co., Ltd. (TSE:4732)Key Insights The projected fair value for USS is JP¥1,669 based on 2 Stage Free Cash Flow to Equity With JP¥1,741 share...
分析記事 • Dec 14USS' (TSE:4732) Shareholders Will Receive A Bigger Dividend Than Last YearUSS Co., Ltd. ( TSE:4732 ) will increase its dividend from last year's comparable payment on the 25th of June to...
Declared Dividend • Dec 13First half dividend of JP¥26.20 announcedShareholders will receive a dividend of JP¥26.20. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 3.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (75% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
分析記事 • Dec 06We Think USS (TSE:4732) Can Manage Its Debt With EaseHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
お知らせ • Nov 29USS Co., Ltd. to Report Q3, 2026 Results on Feb 10, 2026USS Co., Ltd. announced that they will report Q3, 2026 results on Feb 10, 2026
Reported Earnings • Nov 13Second quarter 2026 earnings released: EPS: JP¥20.94 (vs JP¥18.50 in 2Q 2025)Second quarter 2026 results: EPS: JP¥20.94 (up from JP¥18.50 in 2Q 2025). Revenue: JP¥26.6b (up 7.1% from 2Q 2025). Net income: JP¥9.72b (up 9.3% from 2Q 2025). Profit margin: 37% (in line with 2Q 2025). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 6.7% 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 whereas the company’s share price has increased by 16% per year.
分析記事 • Nov 10If EPS Growth Is Important To You, USS (TSE:4732) Presents An OpportunityInvestors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
分析記事 • Oct 28USS Co., Ltd.'s (TSE:4732) Popularity With Investors Is Under Threat From OverpricingWith a price-to-earnings (or "P/E") ratio of 20.6x USS Co., Ltd. ( TSE:4732 ) may be sending bearish signals at the...
分析記事 • Oct 10We Like USS' (TSE:4732) Returns And Here's How They're TrendingIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...
分析記事 • Sep 25USS (TSE:4732) Will Pay A Larger Dividend Than Last Year At ¥25.20USS Co., Ltd. ( TSE:4732 ) has announced that it will be increasing its dividend from last year's comparable payment on...
Upcoming Dividend • Sep 22Upcoming dividend of JP¥25.20 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).
お知らせ • Sep 01USS Co., Ltd. to Report Q2, 2026 Results on Nov 11, 2025USS Co., Ltd. announced that they will report Q2, 2026 results on Nov 11, 2025
Reported Earnings • Aug 06First quarter 2026 earnings released: EPS: JP¥22.10 (vs JP¥19.26 in 1Q 2025)First quarter 2026 results: EPS: JP¥22.10 (up from JP¥19.26 in 1Q 2025). Revenue: JP¥27.4b (up 6.8% from 1Q 2025). Net income: JP¥10.2b (up 11% from 1Q 2025). Profit margin: 37% (up from 36% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% 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 increased by 11% per year whereas the company’s share price has increased by 15% per year.
Declared Dividend • Jul 09Final dividend of JP¥24.30 announcedShareholders will receive a dividend of JP¥24.30. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 2.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jun 27Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥78.66 (up from JP¥68.28 in FY 2024). Revenue: JP¥104.0b (up 6.6% from FY 2024). Net income: JP¥37.6b (up 14% from FY 2024). Profit margin: 36% (up from 34% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%. Revenue is forecast to grow 2.9% 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 increased by 9% per year whereas the company’s share price has increased by 10% per year.
お知らせ • Jun 24USS Co., Ltd. (TSE:4732) announces an Equity Buyback for 11,000,000 shares, representing 2.32% for ¥16,000 million.USS Co., Ltd. (TSE:4732) announces a share repurchase program. Under the program, the company will repurchase up to 11,000,000 shares, representing 2.32% of its issued share capital (excluding treasury stock), for a total purchase price of ¥16,000 million. The purpose of the program is to enhance corporate value by maintaining a Return on Equity (ROE) of no less than 20% and to strengthen shareholder returns through a combination of stable dividends and continuous share repurchases. The program is valid till June 25, 2025 . As of March 31, 2025, the company has 473,612,378 issued shares (excluding treasury stock) and 40,387,622 treasury shares.
分析記事 • Jun 13A Look At The Fair Value Of USS Co., Ltd. (TSE:4732)Key Insights USS' estimated fair value is JP¥1,594 based on 2 Stage Free Cash Flow to Equity Current share price of...
お知らせ • May 31USS Co., Ltd. to Report Q1, 2026 Results on Aug 05, 2025USS Co., Ltd. announced that they will report Q1, 2026 results on Aug 05, 2025
分析記事 • May 30USS (TSE:4732) Seems To Use Debt Rather SparinglySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • May 15Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥78.66 (up from JP¥68.28 in FY 2024). Revenue: JP¥104.0b (up 6.6% from FY 2024). Net income: JP¥37.6b (up 14% from FY 2024). Profit margin: 36% (up from 34% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%. Revenue is forecast to grow 1.4% 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 increased by 9% per year whereas the company’s share price has increased by 7% per year.
お知らせ • May 13USS Co., Ltd., Annual General Meeting, Jun 24, 2025USS Co., Ltd., Annual General Meeting, Jun 24, 2025.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥21.50 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%).
お知らせ • Mar 01USS Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025USS Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025
Reported Earnings • Feb 05Third quarter 2025 earnings released: EPS: JP¥19.79 (vs JP¥17.29 in 3Q 2024)Third quarter 2025 results: EPS: JP¥19.79 (up from JP¥17.29 in 3Q 2024). Revenue: JP¥26.2b (up 12% from 3Q 2024). Net income: JP¥9.47b (up 14% from 3Q 2024). Profit margin: 36% (in line with 3Q 2024). Revenue is forecast to grow 1.5% 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 increased by 18% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Dec 07First half dividend of JP¥21.00 announcedShareholders will receive a dividend of JP¥21.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 3.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 8.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 9.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Dec 01USS Co., Ltd. to Report Q3, 2025 Results on Feb 04, 2025USS Co., Ltd. announced that they will report Q3, 2025 results on Feb 04, 2025
Reported Earnings • Nov 08Second quarter 2025 earnings released: EPS: JP¥18.50 (vs JP¥16.78 in 2Q 2024)Second quarter 2025 results: EPS: JP¥18.50 (up from JP¥16.78 in 2Q 2024). Revenue: JP¥24.8b (up 2.7% from 2Q 2024). Net income: JP¥8.89b (up 10% from 2Q 2024). Profit margin: 36% (up from 33% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 2.1% 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 increased by 26% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 07USS Co., Ltd. (TSE:4732) announces an Equity Buyback for 10,000,000 shares, representing 2.08% for ¥10,000 million.USS Co., Ltd. (TSE:4732) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares, representing 2.08% of its issued share capital (excluding treasury stock), for a total purchase price of ¥10,000 million. The purpose of the program is to improve corporate value, improving capital efficiency and to improve shareholder returns. The program is valid till March 31, 2025 . As of August 31, 2024, the company has 480,979,778 issued shares (excluding treasury stock) and 33,020,222 treasury shares.
Upcoming Dividend • Sep 20Upcoming dividend of JP¥20.60 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).
お知らせ • Aug 27USS Co., Ltd. to Report Q2, 2025 Results on Nov 05, 2024USS Co., Ltd. announced that they will report Q2, 2025 results on Nov 05, 2024
Reported Earnings • Aug 08First quarter 2025 earnings released: EPS: JP¥19.26 (vs JP¥16.65 in 1Q 2024)First quarter 2025 results: EPS: JP¥19.26 (up from JP¥16.65 in 1Q 2024). Revenue: JP¥25.6b (up 7.2% from 1Q 2024). Net income: JP¥9.25b (up 14% from 1Q 2024). Profit margin: 36% (up from 34% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.1% 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 increased by 35% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Aug 05Now 26% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.4% to JP¥1,155. The fair value is estimated to be JP¥1,554, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 45%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are also forecast to grow by 3.1% per annum over the same time period.
Declared Dividend • Jul 11Final dividend of JP¥20.10 announcedShareholders will receive a dividend of JP¥20.10. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 4.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 9.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 02USS Co., Ltd. to Report Q1, 2025 Results on Aug 06, 2024USS Co., Ltd. announced that they will report Q1, 2025 results on Aug 06, 2024
お知らせ • May 10USS Co., Ltd., Annual General Meeting, Jun 25, 2024USS Co., Ltd., Annual General Meeting, Jun 25, 2024.
New Risk • May 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.09% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
New Risk • Mar 27New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 113% Dividend yield: 6.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥38.40 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%).
お知らせ • Mar 02USS Co., Ltd. to Report Fiscal Year 2024 Results on May 08, 2024USS Co., Ltd. announced that they will report fiscal year 2024 results on May 08, 2024
Reported Earnings • Feb 08Third quarter 2024 earnings released: EPS: JP¥34.58 (vs JP¥29.68 in 3Q 2023)Third quarter 2024 results: EPS: JP¥34.58 (up from JP¥29.68 in 3Q 2023). Revenue: JP¥23.4b (up 6.6% from 3Q 2023). Net income: JP¥8.30b (up 14% from 3Q 2023). Profit margin: 35% (up from 33% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat 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 42% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Jan 22Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to JP¥2,885. The fair value is estimated to be JP¥2,391, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 0.2% per annum. Earnings are also forecast to grow by 0.1% per annum over the same time period.
Price Target Changed • Dec 30Price target increased by 7.1% to JP¥2,710Up from JP¥2,530, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥2,836. Stock is up 35% over the past year. The company is forecast to post earnings per share of JP¥136 for next year compared to JP¥123 last year.
お知らせ • Nov 27USS Co., Ltd. to Report Q3, 2024 Results on Feb 06, 2024USS Co., Ltd. announced that they will report Q3, 2024 results on Feb 06, 2024
Reported Earnings • Nov 08Second quarter 2024 earnings released: EPS: JP¥33.57 (vs JP¥29.35 in 2Q 2023)Second quarter 2024 results: EPS: JP¥33.57 (up from JP¥29.35 in 2Q 2023). Revenue: JP¥24.2b (up 14% from 2Q 2023). Net income: JP¥8.06b (up 12% from 2Q 2023). Profit margin: 33% (in line with 2Q 2023). Revenue is forecast to stay flat 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 39% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥34.70 per share at 2.8% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%).
お知らせ • Aug 27USS Co., Ltd. to Report Q2, 2024 Results on Nov 07, 2023USS Co., Ltd. announced that they will report Q2, 2024 results on Nov 07, 2023
Reported Earnings • Aug 10First quarter 2024 earnings released: EPS: JP¥33.29 (vs JP¥30.39 in 1Q 2023)First quarter 2024 results: EPS: JP¥33.29 (up from JP¥30.39 in 1Q 2023). Revenue: JP¥23.9b (up 13% from 1Q 2023). Net income: JP¥8.10b (up 8.9% from 1Q 2023). Profit margin: 34% (down from 35% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% 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 increased by 34% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 22USS Co., Ltd. (TSE:4732) announces an Equity Buyback for 5,000,000 shares, for ¥12,500 million.USS Co., Ltd. (TSE:4732) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 2.04% of its issued share capital (excluding treasury stock), for a total purchase price of ¥12,500 million. The purpose of the program is to improve corporate value, business expansion through investment and capital policies and to improve shareholder returns. As of March 31, 2023, the company has 244,627,014 issued shares (excluding treasury stock) and 12,372,986 treasury shares.
Reported Earnings • Jun 22Full year 2023 earnings: EPS in line with analyst expectations despite revenue beatFull year 2023 results: EPS: JP¥123 (up from JP¥120 in FY 2022). Revenue: JP¥88.8b (up 9.0% from FY 2022). Net income: JP¥30.0b (flat on FY 2022). Profit margin: 34% (down from 37% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 1.8% 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 increased by 27% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 19USS Co., Ltd. to Report Q1, 2024 Results on Aug 08, 2023USS Co., Ltd. announced that they will report Q1, 2024 results on Aug 08, 2023
Reported Earnings • May 10Full year 2023 earnings: EPS in line with analyst expectations despite revenue beatFull year 2023 results: EPS: JP¥123 (up from JP¥120 in FY 2022). Revenue: JP¥88.8b (up 9.0% from FY 2022). Net income: JP¥30.0b (flat on FY 2022). Profit margin: 34% (down from 37% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 5.9% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥33.80 per share at 3.0% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 22 June 2023. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).
Reported Earnings • Feb 12Third quarter 2023 earnings released: EPS: JP¥29.68 (vs JP¥32.18 in 3Q 2022)Third quarter 2023 results: EPS: JP¥29.68 (down from JP¥32.18 in 3Q 2022). Revenue: JP¥22.0b (up 11% from 3Q 2022). Net income: JP¥7.26b (down 9.2% from 3Q 2022). Profit margin: 33% (down from 40% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat 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 15% 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 • Dec 01USS Co., Ltd. to Report Q3, 2023 Results on Feb 07, 2023USS Co., Ltd. announced that they will report Q3, 2023 results on Feb 07, 2023
Board Change • Nov 16High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. 2 highly experienced directors. President, Representative Director & COO Dai Seta is the most experienced director on the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Nov 10Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: JP¥29.35 (up from JP¥27.57 in 2Q 2022). Revenue: JP¥21.3b (up 9.7% from 2Q 2022). Net income: JP¥7.18b (up 4.4% from 2Q 2022). Profit margin: 34% (down from 35% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to stay flat 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 3% per year whereas the company’s share price has increased by 1% per year.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥33.70 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 12 December 2022. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%).
Reported Earnings • Aug 03First quarter 2023 earnings released: EPS: JP¥30.39 (vs JP¥29.47 in 1Q 2022)First quarter 2023 results: EPS: JP¥30.39 (up from JP¥29.47 in 1Q 2022). Revenue: JP¥21.1b (up 3.8% from 1Q 2022). Net income: JP¥7.44b (up 1.2% from 1Q 2022). Profit margin: 35% (in line with 1Q 2022). Over the next year, revenue is forecast to grow 3.0%, compared to a 7.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Board Change • Aug 01High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. 2 highly experienced directors. President, Representative Director & COO Dai Seta is the most experienced director on the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Board Change • Jul 18High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. 2 highly experienced directors. President, Representative Director & COO Dai Seta is the most experienced director on the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Price Target Changed • Jun 30Price target increased to JP¥2,302Up from JP¥2,128, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥2,349. Stock is up 21% over the past year. The company is forecast to post earnings per share of JP¥124 for next year compared to JP¥120 last year.
Reported Earnings • Jun 26Full year 2022 earnings: Revenues exceed analyst expectationsFull year 2022 results: Revenue: JP¥81.5b (up 8.8% from FY 2021). Net income: JP¥29.7b (up JP¥25.7b from FY 2021). Profit margin: 37% (up from 5.4% in FY 2021). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 3.7%, compared to a 7.5% growth forecast for the retail industry in Japan.
Price Target Changed • May 15Price target increased to JP¥2,228Up from JP¥2,003, the current price target is an average from 4 analysts. New target price is 11% below last closing price of JP¥2,513. Stock is up 31% over the past year. The company is forecast to post earnings per share of JP¥117 for next year compared to JP¥120 last year.
Reported Earnings • May 11Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: JP¥120 (up from JP¥16.13 in FY 2021). Revenue: JP¥81.5b (up 8.8% from FY 2021). Net income: JP¥29.7b (up JP¥25.7b from FY 2021). Profit margin: 37% (up from 5.4% in FY 2021). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 4.0%. Over the next year, revenue is forecast to stay flat compared to a 7.4% growth forecast for the retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥29.20 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 16 June 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%).
Reported Earnings • Feb 08Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2022 results: EPS: JP¥32.18 (up from JP¥27.16 in 3Q 2021). Revenue: JP¥19.8b (flat on 3Q 2021). Net income: JP¥8.00b (up 18% from 3Q 2021). Profit margin: 40% (up from 34% in 3Q 2021). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 80%. Over the next year, revenue is forecast to grow 1.4%, compared to a 7.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.