Zett（8135）株式概要ゼット株式会社は日本でスポーツ用品の製造・卸売を行っている。 詳細8135 ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長0/6過去の実績2/6財務の健全性6/6配当金4/6報酬株価収益率（ 8.4 x） JP市場（ 13.8 x）を下回っています。リスク分析利益率(1.7%)は昨年より低い(5.4%) 4.31%の配当はフリー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 )すべてのリスクチェックを見る8135 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¥418.0010.2% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-226m83b2016201920222025202620282031Revenue JP¥83.0bEarnings JP¥1.4bAdvancedSet Fair ValueView all narrativesZett Corporation 競合他社NakayamafukuLtdSymbol: TSE:7442Market cap: JP¥8.6bLilycolorSymbol: TSE:9827Market cap: JP¥7.5bLibertaLtdSymbol: TSE:4935Market cap: JP¥7.7bSanyeiSymbol: TSE:8119Market cap: JP¥7.2b価格と性能株価の高値、安値、推移の概要Zett過去の株価現在の株価JP¥418.0052週高値JP¥614.0052週安値JP¥406.00ベータ0.631ヶ月の変化-7.73%3ヶ月変化-26.92%1年変化-0.48%3年間の変化55.39%5年間の変化74.17%IPOからの変化-1.65%最新ニュースReported Earnings • May 18Full year 2026 earnings released: EPS: JP¥49.81 (vs JP¥153 in FY 2025)Full year 2026 results: EPS: JP¥49.81 (down from JP¥153 in FY 2025). Revenue: JP¥58.7b (up 6.0% from FY 2025). Net income: JP¥975.0m (down 67% from FY 2025). Profit margin: 1.7% (down from 5.4% in FY 2025). The decrease in margin was driven by higher expenses. 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 14% per year, which means it is significantly lagging earnings growth.お知らせ • May 14Zett Corporation, Annual General Meeting, Jun 25, 2026Zett Corporation, Annual General Meeting, Jun 25, 2026.お知らせ • May 10+ 3 more updatesZett Corporation to Report Q1, 2027 Results on Aug 07, 2026Zett Corporation announced that they will report Q1, 2027 results on Aug 07, 2026Upcoming Dividend • Mar 23Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.9%).New Risk • Mar 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.8% average weekly change). Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (JP¥10.3b market cap, or US$65.5m).Reported Earnings • Feb 15Third quarter 2026 earnings released: EPS: JP¥7.76 (vs JP¥107 in 3Q 2025)Third quarter 2026 results: EPS: JP¥7.76 (down from JP¥107 in 3Q 2025). Revenue: JP¥13.5b (up 5.9% from 3Q 2025). Net income: JP¥152.0m (down 93% from 3Q 2025). Profit margin: 1.1% (down from 17% 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 43% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.最新情報をもっと見るRecent updatesReported Earnings • May 18Full year 2026 earnings released: EPS: JP¥49.81 (vs JP¥153 in FY 2025)Full year 2026 results: EPS: JP¥49.81 (down from JP¥153 in FY 2025). Revenue: JP¥58.7b (up 6.0% from FY 2025). Net income: JP¥975.0m (down 67% from FY 2025). Profit margin: 1.7% (down from 5.4% in FY 2025). The decrease in margin was driven by higher expenses. 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 14% per year, which means it is significantly lagging earnings growth.お知らせ • May 14Zett Corporation, Annual General Meeting, Jun 25, 2026Zett Corporation, Annual General Meeting, Jun 25, 2026.お知らせ • May 10+ 3 more updatesZett Corporation to Report Q1, 2027 Results on Aug 07, 2026Zett Corporation announced that they will report Q1, 2027 results on Aug 07, 2026Upcoming Dividend • Mar 23Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.9%).New Risk • Mar 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.8% average weekly change). Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (JP¥10.3b market cap, or US$65.5m).Reported Earnings • Feb 15Third quarter 2026 earnings released: EPS: JP¥7.76 (vs JP¥107 in 3Q 2025)Third quarter 2026 results: EPS: JP¥7.76 (down from JP¥107 in 3Q 2025). Revenue: JP¥13.5b (up 5.9% from 3Q 2025). Net income: JP¥152.0m (down 93% from 3Q 2025). Profit margin: 1.1% (down from 17% 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 43% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.分析記事 • Dec 29Many Still Looking Away From Zett Corporation (TSE:8135)With a price-to-earnings (or "P/E") ratio of 3.4x Zett Corporation ( TSE:8135 ) may be sending very bullish signals at...分析記事 • Nov 21Zett's (TSE:8135) Shareholders Should Assess Earnings With CautionWe didn't see Zett Corporation's ( TSE:8135 ) stock surge when it reported robust earnings recently. We decided to have...New Risk • Nov 16New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 37% 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 (37% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥9.04b market cap, or US$58.5m).Reported Earnings • Aug 09First quarter 2026 earnings released: EPS: JP¥10.68 (vs JP¥18.19 in 1Q 2025)First quarter 2026 results: EPS: JP¥10.68 (down from JP¥18.19 in 1Q 2025). Revenue: JP¥14.5b (up 6.9% from 1Q 2025). Net income: JP¥209.0m (down 41% from 1Q 2025). Profit margin: 1.4% (down from 2.6% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.分析記事 • May 23Zett's (TSE:8135) Promising Earnings May Rest On Soft FoundationsZett Corporation ( TSE:8135 ) announced strong profits, but the stock was stagnant. We did some digging, and we found...Reported Earnings • May 21Full year 2025 earnings released: EPS: JP¥153 (vs JP¥41.38 in FY 2024)Full year 2025 results: EPS: JP¥153 (up from JP¥41.38 in FY 2024). Revenue: JP¥55.3b (up 6.5% from FY 2024). Net income: JP¥2.99b (up 269% from FY 2024). Profit margin: 5.4% (up from 1.6% in FY 2024). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.お知らせ • May 15Zett Corporation, Annual General Meeting, Jun 26, 2025Zett Corporation, Annual General Meeting, Jun 26, 2025.New Risk • Mar 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.2% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥8.46b market cap, or US$56.5m).お知らせ • Mar 29+ 3 more updatesZett Corporation to Report Q3, 2026 Results on Feb 13, 2026Zett Corporation announced that they will report Q3, 2026 results on Feb 13, 2026Upcoming Dividend • Mar 21Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 1.4% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.8%).Reported Earnings • Feb 15Third quarter 2025 earnings released: EPS: JP¥107 (vs JP¥5.52 in 3Q 2024)Third quarter 2025 results: EPS: JP¥107 (up from JP¥5.52 in 3Q 2024). Revenue: JP¥12.7b (up 6.9% from 3Q 2024). Net income: JP¥2.10b (up JP¥1.99b from 3Q 2024). Profit margin: 17% (up from 0.9% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 31BS Investment Corporation Completed the acquisition of remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders.BS Investment Corporation proposed to acquire remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders for approximately ¥180 billion on August 5, 2024. A cash consideration of ¥182.62 billion will be paid by BS Investment Corporation at a price of ¥4,350 per share. The transaction is subject to minimum tender of 16,793,700 shares. The transaction is subject to approval of merger agreement by board of Descente and subject to antitrust regulations. Nomura Securities Co., Ltd. acted as financial advisor for BS Investment Corporation. Nagashima Ohno & Tsunematsu acted as legal advisor for BS Investment Corporation. Mori Hamada & Matsumoto LPC acted as legal advisor for Descente Ltd. Daiwa Securities Co. Ltd. acted as financial advisor for Descente Ltd. Anderson Mori & Tomotsune LPC acted as legal advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as financial advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as due diligence provider for Descente Ltd. Daiwa Securities Co. Ltd. acted as fairness opinion provider for Descente Ltd. BS Investment Corporation Completed the acquisition of remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders on October 29, 2024.Reported Earnings • Aug 13First quarter 2025 earnings released: EPS: JP¥18.19 (vs JP¥13.59 in 1Q 2024)First quarter 2025 results: EPS: JP¥18.19 (up from JP¥13.59 in 1Q 2024). Revenue: JP¥13.5b (up 3.7% from 1Q 2024). Net income: JP¥356.0m (up 34% from 1Q 2024). Profit margin: 2.6% (up from 2.0% in 1Q 2024). 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 whereas the company’s share price has increased by 9% per year.お知らせ • Aug 06BS Investment Corporation proposed to acquire remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders for approximately ¥180 billion.BS Investment Corporation proposed to acquire remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders for approximately ¥180 billion on August 5, 2024. A cash consideration of ¥182.62 billion will be paid by BS Investment Corporation at a price of ¥4,350 per share. The transaction is subject to minimum tender of 16,793,700 shares. The transaction is subject to approval of merger agreement by board of Descente and subject to antitrust regulations. Nomura Securities Co., Ltd. acted as financial advisor for BS Investment Corporation. Nagashima Ohno & Tsunematsu acted as legal advisor for BS Investment Corporation. Mori Hamada & Matsumoto LPC acted as legal advisor for Descente Ltd. Daiwa Securities Co. Ltd. acted as financial advisor for Descente Ltd. Anderson Mori & Tomotsune LPC acted as legal advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as financial advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as due diligence provider for Descente Ltd. Daiwa Securities Co. Ltd. acted as fairness opinion provider for Descente Ltd.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to JP¥260, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 10x in the Retail Distributors industry in Japan. Total loss to shareholders of 5.4% over the past three years.分析記事 • Aug 02It's A Story Of Risk Vs Reward With Zett Corporation (TSE:8135)When close to half the companies in Japan have price-to-earnings ratios (or "P/E's") above 15x, you may consider Zett...Reported Earnings • May 11Full year 2024 earnings released: EPS: JP¥41.38 (vs JP¥46.24 in FY 2023)Full year 2024 results: EPS: JP¥41.38 (down from JP¥46.24 in FY 2023). Revenue: JP¥52.0b (up 4.1% from FY 2023). Net income: JP¥810.0m (down 11% from FY 2023). Profit margin: 1.6% (down from 1.8% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • May 11Zett Corporation, Annual General Meeting, Jun 27, 2024Zett Corporation, Annual General Meeting, Jun 27, 2024.Upcoming Dividend • Mar 21Upcoming dividend of JP¥8.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 4.1% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.4%).お知らせ • Mar 13+ 3 more updatesZett Corporation to Report Q3, 2025 Results on Feb 13, 2025Zett Corporation announced that they will report Q3, 2025 results on Feb 13, 2025Reported Earnings • Feb 10Third quarter 2024 earnings released: EPS: JP¥5.52 (vs JP¥0.46 in 3Q 2023)Third quarter 2024 results: EPS: JP¥5.52 (up from JP¥0.46 in 3Q 2023). Revenue: JP¥11.9b (flat on 3Q 2023). Net income: JP¥108.0m (up JP¥99.0m from 3Q 2023). Profit margin: 0.9% (up from 0.1% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 10Second quarter 2024 earnings released: EPS: JP¥8.79 (vs JP¥8.99 in 2Q 2023)Second quarter 2024 results: EPS: JP¥8.79 (down from JP¥8.99 in 2Q 2023). Revenue: JP¥13.1b (up 3.2% from 2Q 2023). Net income: JP¥172.0m (down 2.3% from 2Q 2023). Profit margin: 1.3% (down from 1.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 11First quarter 2024 earnings released: EPS: JP¥13.59 (vs JP¥16.45 in 1Q 2023)First quarter 2024 results: EPS: JP¥13.59 (down from JP¥16.45 in 1Q 2023). Revenue: JP¥13.1b (up 6.6% from 1Q 2023). Net income: JP¥266.0m (down 17% from 1Q 2023). Profit margin: 2.0% (down from 2.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 14Full year 2023 earnings released: EPS: JP¥46.23 (vs JP¥36.94 in FY 2022)Full year 2023 results: EPS: JP¥46.23 (up from JP¥36.94 in FY 2022). Revenue: JP¥49.9b (up 11% from FY 2022). Net income: JP¥905.0m (up 25% from FY 2022). Profit margin: 1.8% (up from 1.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.お知らせ • May 13Zett Corporation, Annual General Meeting, Jun 29, 2023Zett Corporation, Annual General Meeting, Jun 29, 2023.Upcoming Dividend • Mar 23Upcoming dividend of JP¥8.00 per share at 2.7% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 5.1% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%).Valuation Update With 7 Day Price Move • Mar 14Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥319, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 12x in the Retail Distributors industry in Japan. Total returns to shareholders of 88% over the past three years.Reported Earnings • Feb 12Third quarter 2023 earnings released: EPS: JP¥0.46 (vs JP¥4.39 in 3Q 2022)Third quarter 2023 results: EPS: JP¥0.46 (down from JP¥4.39 in 3Q 2022). Revenue: JP¥11.8b (up 11% from 3Q 2022). Net income: JP¥9.00m (down 90% from 3Q 2022). Profit margin: 0.1% (down from 0.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥8.99 (vs JP¥5.88 in 2Q 2022)Second quarter 2023 results: EPS: JP¥8.99 (up from JP¥5.88 in 2Q 2022). Revenue: JP¥12.7b (up 14% from 2Q 2022). Net income: JP¥176.0m (up 53% from 2Q 2022). Profit margin: 1.4% (up from 1.0% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 9 non-independent directors. Independent Outside Director Hitoshi Kuwayama was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 12Second quarter 2023 earnings released: EPS: JP¥8.99 (vs JP¥5.88 in 2Q 2022)Second quarter 2023 results: EPS: JP¥8.99 (up from JP¥5.88 in 2Q 2022). Revenue: JP¥12.7b (up 14% from 2Q 2022). Net income: JP¥176.0m (up 53% from 2Q 2022). Profit margin: 1.4% (up from 1.0% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • Aug 11First quarter 2023 earnings released: EPS: JP¥16.45 (vs JP¥13.23 in 1Q 2022)First quarter 2023 results: EPS: JP¥16.45 (up from JP¥13.23 in 1Q 2022). Revenue: JP¥12.2b (up 7.1% from 1Q 2022). Net income: JP¥322.0m (up 24% from 1Q 2022). Profit margin: 2.6% (up from 2.3% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • May 15Full year 2022 earnings released: EPS: JP¥36.94 (vs JP¥5.57 in FY 2021)Full year 2022 results: EPS: JP¥36.94 (up from JP¥5.57 in FY 2021). Revenue: JP¥44.8b (up 19% from FY 2021). Net income: JP¥723.0m (up JP¥614.0m from FY 2021). Profit margin: 1.6% (up from 0.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year.お知らせ • May 14Zett Corporation, Annual General Meeting, Jun 29, 2022Zett Corporation, Annual General Meeting, Jun 29, 2022.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 9 non-independent directors. Independent Outside Director Hitoshi Kuwayama was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 08+ 3 more updatesZett Corporation to Report Q3, 2023 Results on Feb 09, 2023Zett Corporation announced that they will report Q3, 2023 results on Feb 09, 2023Upcoming Dividend • Mar 23Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 6.6% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.4%).Reported Earnings • Feb 12Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥4.39 (down from JP¥10.17 in 3Q 2021). Revenue: JP¥10.6b (up 5.3% from 3Q 2021). Net income: JP¥86.0m (down 57% from 3Q 2021). Profit margin: 0.8% (down from 2.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Reported Earnings • Nov 13Second quarter 2022 earnings released: EPS JP¥5.88 (vs JP¥6.44 in 2Q 2021)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥11.1b (up 5.3% from 2Q 2021). Net income: JP¥115.0m (down 8.7% from 2Q 2021). Profit margin: 1.0% (down from 1.2% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Reported Earnings • Aug 09First quarter 2022 earnings released: EPS JP¥13.23 (vs JP¥17.63 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥11.4b (up 78% from 1Q 2021). Net income: JP¥259.0m (up JP¥604.0m from 1Q 2021). Profit margin: 2.3% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jul 26Investor sentiment improved over the past weekAfter last week's 23% share price gain to JP¥380, the stock trades at a trailing P/E ratio of 68.2x. Average trailing P/E is 12x in the Retail Distributors industry in Japan. Total returns to shareholders of 60% over the past three years.Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improved over the past weekAfter last week's 37% share price gain to JP¥341, the stock trades at a trailing P/E ratio of 61.2x. Average trailing P/E is 13x in the Retail Distributors industry in Japan. Total returns to shareholders of 52% over the past three years.Reported Earnings • May 16Full year 2021 earnings released: EPS JP¥5.57 (vs JP¥10.68 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥37.6b (down 10% from FY 2020). Net income: JP¥109.0m (down 48% from FY 2020). Profit margin: 0.3% (down from 0.5% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Feb 24New 90-day high: JP¥230The company is up 18% from its price of JP¥195 on 26 November 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is down 2.0% over the same period.Reported Earnings • Feb 12Third quarter 2021 earnings released: EPS JP¥10.17 (vs JP¥5.77 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥10.1b (up 7.4% from 3Q 2020). Net income: JP¥199.0m (up JP¥312.0m from 3Q 2020). Profit margin: 2.0% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Dec 23New 90-day high: JP¥217The company is up 14% from its price of JP¥191 on 24 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is down 4.0% over the same period.Is New 90 Day High Low • Dec 07New 90-day high: JP¥203The company is up 5.0% from its price of JP¥193 on 08 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Retail Distributors industry, which is up 2.0% over the same period.お知らせ • Nov 26Zett Corporation (TSE:8135) agreed to acquire Sportswear Wholesale Business of Ben-General Corp.Zett Corporation (TSE:8135) agreed to acquire Sportswear Wholesale Business of Ben-General Corp on November 25, 2020. The directors and employees of Ben-General in connection with the Business who have been interviewed and have agreed to transfer to Zett under the terms and conditions of employment offered by Zett will be transferred after the Transfer Date. The deal is expected to be completed by April 1, 2021. The impact on the consolidated business results for the current fiscal year is insignificant and will not change from the business forecast announced in the Notice of Business Forecast for the fiscal year ending March 31, 2021 on July 15, 2020株主還元8135JP Retail DistributorsJP 市場7D2.2%-0.4%1.2%1Y-0.5%23.1%42.1%株主還元を見る業界別リターン: 8135過去 1 年間で23.1 % の収益を上げたJP Retail Distributors業界を下回りました。リターン対市場: 8135は、過去 1 年間で42.1 % のリターンを上げたJP市場を下回りました。価格変動Is 8135's price volatile compared to industry and market?8135 volatility8135 Average Weekly Movement5.5%Retail Distributors Industry Average Movement4.1%Market Average Movement5.0%10% most volatile stocks in JP Market9.6%10% least volatile stocks in JP Market2.5%安定した株価: 8135 、 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: 8135の 週次ボラティリティ ( 6% ) 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1920588Hiroyuki Watanabezett.jpゼット株式会社は日本でスポーツ用品の製造・卸売を行っている。野球のバット、バスケットボールのウェア、グローブ、その他アパレル商品を提供。また、約3,000の店舗を検索・注文できるオンライン注文システム「Z-NET」を運営している。前身は渡辺株式会社で、1980年に株式会社ゼットに社名変更。ゼット株式会社は1920年に設立され、大阪に本社を置く。もっと見るZett Corporation 基礎のまとめZett の収益と売上を時価総額と比較するとどうか。8135 基礎統計学時価総額JP¥8.18b収益（TTM）JP¥975.00m売上高(TTM)JP¥58.66b8.4xPER（株価収益率0.1xP/Sレシオ8135 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8135 損益計算書（TTM）収益JP¥58.66b売上原価JP¥48.47b売上総利益JP¥10.19bその他の費用JP¥9.22b収益JP¥975.00m直近の収益報告Mar 31, 2026次回決算日Aug 07, 2026一株当たり利益（EPS）49.81グロス・マージン17.37%純利益率1.66%有利子負債／自己資本比率1.6%8135 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4.3%現在の配当利回り20%配当性向8135 配当は確実ですか？8135 配当履歴とベンチマークを見る8135 、いつまでに購入すれば配当金を受け取れますか？Zett 配当日配当落ち日Mar 30 2026配当支払日Jun 26 2026配当落ちまでの日数54 days配当支払日までの日数34 days8135 配当は確実ですか？8135 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 09:33終値2026/05/22 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Zett 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。0
Reported Earnings • May 18Full year 2026 earnings released: EPS: JP¥49.81 (vs JP¥153 in FY 2025)Full year 2026 results: EPS: JP¥49.81 (down from JP¥153 in FY 2025). Revenue: JP¥58.7b (up 6.0% from FY 2025). Net income: JP¥975.0m (down 67% from FY 2025). Profit margin: 1.7% (down from 5.4% in FY 2025). The decrease in margin was driven by higher expenses. 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 14% per year, which means it is significantly lagging earnings growth.
お知らせ • May 14Zett Corporation, Annual General Meeting, Jun 25, 2026Zett Corporation, Annual General Meeting, Jun 25, 2026.
お知らせ • May 10+ 3 more updatesZett Corporation to Report Q1, 2027 Results on Aug 07, 2026Zett Corporation announced that they will report Q1, 2027 results on Aug 07, 2026
Upcoming Dividend • Mar 23Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.9%).
New Risk • Mar 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.8% average weekly change). Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (JP¥10.3b market cap, or US$65.5m).
Reported Earnings • Feb 15Third quarter 2026 earnings released: EPS: JP¥7.76 (vs JP¥107 in 3Q 2025)Third quarter 2026 results: EPS: JP¥7.76 (down from JP¥107 in 3Q 2025). Revenue: JP¥13.5b (up 5.9% from 3Q 2025). Net income: JP¥152.0m (down 93% from 3Q 2025). Profit margin: 1.1% (down from 17% 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 43% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 18Full year 2026 earnings released: EPS: JP¥49.81 (vs JP¥153 in FY 2025)Full year 2026 results: EPS: JP¥49.81 (down from JP¥153 in FY 2025). Revenue: JP¥58.7b (up 6.0% from FY 2025). Net income: JP¥975.0m (down 67% from FY 2025). Profit margin: 1.7% (down from 5.4% in FY 2025). The decrease in margin was driven by higher expenses. 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 14% per year, which means it is significantly lagging earnings growth.
お知らせ • May 14Zett Corporation, Annual General Meeting, Jun 25, 2026Zett Corporation, Annual General Meeting, Jun 25, 2026.
お知らせ • May 10+ 3 more updatesZett Corporation to Report Q1, 2027 Results on Aug 07, 2026Zett Corporation announced that they will report Q1, 2027 results on Aug 07, 2026
Upcoming Dividend • Mar 23Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.9%).
New Risk • Mar 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.8% average weekly change). Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (JP¥10.3b market cap, or US$65.5m).
Reported Earnings • Feb 15Third quarter 2026 earnings released: EPS: JP¥7.76 (vs JP¥107 in 3Q 2025)Third quarter 2026 results: EPS: JP¥7.76 (down from JP¥107 in 3Q 2025). Revenue: JP¥13.5b (up 5.9% from 3Q 2025). Net income: JP¥152.0m (down 93% from 3Q 2025). Profit margin: 1.1% (down from 17% 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 43% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
分析記事 • Dec 29Many Still Looking Away From Zett Corporation (TSE:8135)With a price-to-earnings (or "P/E") ratio of 3.4x Zett Corporation ( TSE:8135 ) may be sending very bullish signals at...
分析記事 • Nov 21Zett's (TSE:8135) Shareholders Should Assess Earnings With CautionWe didn't see Zett Corporation's ( TSE:8135 ) stock surge when it reported robust earnings recently. We decided to have...
New Risk • Nov 16New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 37% 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 (37% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥9.04b market cap, or US$58.5m).
Reported Earnings • Aug 09First quarter 2026 earnings released: EPS: JP¥10.68 (vs JP¥18.19 in 1Q 2025)First quarter 2026 results: EPS: JP¥10.68 (down from JP¥18.19 in 1Q 2025). Revenue: JP¥14.5b (up 6.9% from 1Q 2025). Net income: JP¥209.0m (down 41% from 1Q 2025). Profit margin: 1.4% (down from 2.6% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
分析記事 • May 23Zett's (TSE:8135) Promising Earnings May Rest On Soft FoundationsZett Corporation ( TSE:8135 ) announced strong profits, but the stock was stagnant. We did some digging, and we found...
Reported Earnings • May 21Full year 2025 earnings released: EPS: JP¥153 (vs JP¥41.38 in FY 2024)Full year 2025 results: EPS: JP¥153 (up from JP¥41.38 in FY 2024). Revenue: JP¥55.3b (up 6.5% from FY 2024). Net income: JP¥2.99b (up 269% from FY 2024). Profit margin: 5.4% (up from 1.6% in FY 2024). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
お知らせ • May 15Zett Corporation, Annual General Meeting, Jun 26, 2025Zett Corporation, Annual General Meeting, Jun 26, 2025.
New Risk • Mar 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.2% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥8.46b market cap, or US$56.5m).
お知らせ • Mar 29+ 3 more updatesZett Corporation to Report Q3, 2026 Results on Feb 13, 2026Zett Corporation announced that they will report Q3, 2026 results on Feb 13, 2026
Upcoming Dividend • Mar 21Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 1.4% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.8%).
Reported Earnings • Feb 15Third quarter 2025 earnings released: EPS: JP¥107 (vs JP¥5.52 in 3Q 2024)Third quarter 2025 results: EPS: JP¥107 (up from JP¥5.52 in 3Q 2024). Revenue: JP¥12.7b (up 6.9% from 3Q 2024). Net income: JP¥2.10b (up JP¥1.99b from 3Q 2024). Profit margin: 17% (up from 0.9% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 31BS Investment Corporation Completed the acquisition of remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders.BS Investment Corporation proposed to acquire remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders for approximately ¥180 billion on August 5, 2024. A cash consideration of ¥182.62 billion will be paid by BS Investment Corporation at a price of ¥4,350 per share. The transaction is subject to minimum tender of 16,793,700 shares. The transaction is subject to approval of merger agreement by board of Descente and subject to antitrust regulations. Nomura Securities Co., Ltd. acted as financial advisor for BS Investment Corporation. Nagashima Ohno & Tsunematsu acted as legal advisor for BS Investment Corporation. Mori Hamada & Matsumoto LPC acted as legal advisor for Descente Ltd. Daiwa Securities Co. Ltd. acted as financial advisor for Descente Ltd. Anderson Mori & Tomotsune LPC acted as legal advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as financial advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as due diligence provider for Descente Ltd. Daiwa Securities Co. Ltd. acted as fairness opinion provider for Descente Ltd. BS Investment Corporation Completed the acquisition of remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders on October 29, 2024.
Reported Earnings • Aug 13First quarter 2025 earnings released: EPS: JP¥18.19 (vs JP¥13.59 in 1Q 2024)First quarter 2025 results: EPS: JP¥18.19 (up from JP¥13.59 in 1Q 2024). Revenue: JP¥13.5b (up 3.7% from 1Q 2024). Net income: JP¥356.0m (up 34% from 1Q 2024). Profit margin: 2.6% (up from 2.0% in 1Q 2024). 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 whereas the company’s share price has increased by 9% per year.
お知らせ • Aug 06BS Investment Corporation proposed to acquire remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders for approximately ¥180 billion.BS Investment Corporation proposed to acquire remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders for approximately ¥180 billion on August 5, 2024. A cash consideration of ¥182.62 billion will be paid by BS Investment Corporation at a price of ¥4,350 per share. The transaction is subject to minimum tender of 16,793,700 shares. The transaction is subject to approval of merger agreement by board of Descente and subject to antitrust regulations. Nomura Securities Co., Ltd. acted as financial advisor for BS Investment Corporation. Nagashima Ohno & Tsunematsu acted as legal advisor for BS Investment Corporation. Mori Hamada & Matsumoto LPC acted as legal advisor for Descente Ltd. Daiwa Securities Co. Ltd. acted as financial advisor for Descente Ltd. Anderson Mori & Tomotsune LPC acted as legal advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as financial advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as due diligence provider for Descente Ltd. Daiwa Securities Co. Ltd. acted as fairness opinion provider for Descente Ltd.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to JP¥260, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 10x in the Retail Distributors industry in Japan. Total loss to shareholders of 5.4% over the past three years.
分析記事 • Aug 02It's A Story Of Risk Vs Reward With Zett Corporation (TSE:8135)When close to half the companies in Japan have price-to-earnings ratios (or "P/E's") above 15x, you may consider Zett...
Reported Earnings • May 11Full year 2024 earnings released: EPS: JP¥41.38 (vs JP¥46.24 in FY 2023)Full year 2024 results: EPS: JP¥41.38 (down from JP¥46.24 in FY 2023). Revenue: JP¥52.0b (up 4.1% from FY 2023). Net income: JP¥810.0m (down 11% from FY 2023). Profit margin: 1.6% (down from 1.8% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • May 11Zett Corporation, Annual General Meeting, Jun 27, 2024Zett Corporation, Annual General Meeting, Jun 27, 2024.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥8.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 4.1% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.4%).
お知らせ • Mar 13+ 3 more updatesZett Corporation to Report Q3, 2025 Results on Feb 13, 2025Zett Corporation announced that they will report Q3, 2025 results on Feb 13, 2025
Reported Earnings • Feb 10Third quarter 2024 earnings released: EPS: JP¥5.52 (vs JP¥0.46 in 3Q 2023)Third quarter 2024 results: EPS: JP¥5.52 (up from JP¥0.46 in 3Q 2023). Revenue: JP¥11.9b (flat on 3Q 2023). Net income: JP¥108.0m (up JP¥99.0m from 3Q 2023). Profit margin: 0.9% (up from 0.1% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 10Second quarter 2024 earnings released: EPS: JP¥8.79 (vs JP¥8.99 in 2Q 2023)Second quarter 2024 results: EPS: JP¥8.79 (down from JP¥8.99 in 2Q 2023). Revenue: JP¥13.1b (up 3.2% from 2Q 2023). Net income: JP¥172.0m (down 2.3% from 2Q 2023). Profit margin: 1.3% (down from 1.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 11First quarter 2024 earnings released: EPS: JP¥13.59 (vs JP¥16.45 in 1Q 2023)First quarter 2024 results: EPS: JP¥13.59 (down from JP¥16.45 in 1Q 2023). Revenue: JP¥13.1b (up 6.6% from 1Q 2023). Net income: JP¥266.0m (down 17% from 1Q 2023). Profit margin: 2.0% (down from 2.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 14Full year 2023 earnings released: EPS: JP¥46.23 (vs JP¥36.94 in FY 2022)Full year 2023 results: EPS: JP¥46.23 (up from JP¥36.94 in FY 2022). Revenue: JP¥49.9b (up 11% from FY 2022). Net income: JP¥905.0m (up 25% from FY 2022). Profit margin: 1.8% (up from 1.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
お知らせ • May 13Zett Corporation, Annual General Meeting, Jun 29, 2023Zett Corporation, Annual General Meeting, Jun 29, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥8.00 per share at 2.7% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 5.1% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%).
Valuation Update With 7 Day Price Move • Mar 14Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥319, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 12x in the Retail Distributors industry in Japan. Total returns to shareholders of 88% over the past three years.
Reported Earnings • Feb 12Third quarter 2023 earnings released: EPS: JP¥0.46 (vs JP¥4.39 in 3Q 2022)Third quarter 2023 results: EPS: JP¥0.46 (down from JP¥4.39 in 3Q 2022). Revenue: JP¥11.8b (up 11% from 3Q 2022). Net income: JP¥9.00m (down 90% from 3Q 2022). Profit margin: 0.1% (down from 0.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥8.99 (vs JP¥5.88 in 2Q 2022)Second quarter 2023 results: EPS: JP¥8.99 (up from JP¥5.88 in 2Q 2022). Revenue: JP¥12.7b (up 14% from 2Q 2022). Net income: JP¥176.0m (up 53% from 2Q 2022). Profit margin: 1.4% (up from 1.0% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 9 non-independent directors. Independent Outside Director Hitoshi Kuwayama was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 12Second quarter 2023 earnings released: EPS: JP¥8.99 (vs JP¥5.88 in 2Q 2022)Second quarter 2023 results: EPS: JP¥8.99 (up from JP¥5.88 in 2Q 2022). Revenue: JP¥12.7b (up 14% from 2Q 2022). Net income: JP¥176.0m (up 53% from 2Q 2022). Profit margin: 1.4% (up from 1.0% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • Aug 11First quarter 2023 earnings released: EPS: JP¥16.45 (vs JP¥13.23 in 1Q 2022)First quarter 2023 results: EPS: JP¥16.45 (up from JP¥13.23 in 1Q 2022). Revenue: JP¥12.2b (up 7.1% from 1Q 2022). Net income: JP¥322.0m (up 24% from 1Q 2022). Profit margin: 2.6% (up from 2.3% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • May 15Full year 2022 earnings released: EPS: JP¥36.94 (vs JP¥5.57 in FY 2021)Full year 2022 results: EPS: JP¥36.94 (up from JP¥5.57 in FY 2021). Revenue: JP¥44.8b (up 19% from FY 2021). Net income: JP¥723.0m (up JP¥614.0m from FY 2021). Profit margin: 1.6% (up from 0.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year.
お知らせ • May 14Zett Corporation, Annual General Meeting, Jun 29, 2022Zett Corporation, Annual General Meeting, Jun 29, 2022.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 9 non-independent directors. Independent Outside Director Hitoshi Kuwayama was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 08+ 3 more updatesZett Corporation to Report Q3, 2023 Results on Feb 09, 2023Zett Corporation announced that they will report Q3, 2023 results on Feb 09, 2023
Upcoming Dividend • Mar 23Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 6.6% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.4%).
Reported Earnings • Feb 12Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥4.39 (down from JP¥10.17 in 3Q 2021). Revenue: JP¥10.6b (up 5.3% from 3Q 2021). Net income: JP¥86.0m (down 57% from 3Q 2021). Profit margin: 0.8% (down from 2.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 13Second quarter 2022 earnings released: EPS JP¥5.88 (vs JP¥6.44 in 2Q 2021)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥11.1b (up 5.3% from 2Q 2021). Net income: JP¥115.0m (down 8.7% from 2Q 2021). Profit margin: 1.0% (down from 1.2% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 09First quarter 2022 earnings released: EPS JP¥13.23 (vs JP¥17.63 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥11.4b (up 78% from 1Q 2021). Net income: JP¥259.0m (up JP¥604.0m from 1Q 2021). Profit margin: 2.3% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jul 26Investor sentiment improved over the past weekAfter last week's 23% share price gain to JP¥380, the stock trades at a trailing P/E ratio of 68.2x. Average trailing P/E is 12x in the Retail Distributors industry in Japan. Total returns to shareholders of 60% over the past three years.
Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improved over the past weekAfter last week's 37% share price gain to JP¥341, the stock trades at a trailing P/E ratio of 61.2x. Average trailing P/E is 13x in the Retail Distributors industry in Japan. Total returns to shareholders of 52% over the past three years.
Reported Earnings • May 16Full year 2021 earnings released: EPS JP¥5.57 (vs JP¥10.68 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥37.6b (down 10% from FY 2020). Net income: JP¥109.0m (down 48% from FY 2020). Profit margin: 0.3% (down from 0.5% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Feb 24New 90-day high: JP¥230The company is up 18% from its price of JP¥195 on 26 November 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is down 2.0% over the same period.
Reported Earnings • Feb 12Third quarter 2021 earnings released: EPS JP¥10.17 (vs JP¥5.77 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥10.1b (up 7.4% from 3Q 2020). Net income: JP¥199.0m (up JP¥312.0m from 3Q 2020). Profit margin: 2.0% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Dec 23New 90-day high: JP¥217The company is up 14% from its price of JP¥191 on 24 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is down 4.0% over the same period.
Is New 90 Day High Low • Dec 07New 90-day high: JP¥203The company is up 5.0% from its price of JP¥193 on 08 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Retail Distributors industry, which is up 2.0% over the same period.
お知らせ • Nov 26Zett Corporation (TSE:8135) agreed to acquire Sportswear Wholesale Business of Ben-General Corp.Zett Corporation (TSE:8135) agreed to acquire Sportswear Wholesale Business of Ben-General Corp on November 25, 2020. The directors and employees of Ben-General in connection with the Business who have been interviewed and have agreed to transfer to Zett under the terms and conditions of employment offered by Zett will be transferred after the Transfer Date. The deal is expected to be completed by April 1, 2021. The impact on the consolidated business results for the current fiscal year is insignificant and will not change from the business forecast announced in the Notice of Business Forecast for the fiscal year ending March 31, 2021 on July 15, 2020
