View ValuationChiyoda 将来の成長Future 基準チェック /36Chiyoda利益と収益がそれぞれ年間57.1%と0.8%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3% 57.2%なると予測されています。主要情報57.1%収益成長率57.20%EPS成長率Specialty Retail 収益成長9.8%収益成長率0.8%将来の株主資本利益率2.98%アナリストカバレッジLow最終更新日08 Jun 2026今後の成長に関する最新情報Major Estimate Revision • Jun 09Consensus EPS estimates increase by 42%The consensus outlook for fiscal year 2027 has been updated. 2027 EPS estimate increased from JP¥20.60 to JP¥29.20. Revenue forecast steady at JP¥81.5b. Net income forecast to grow 322% next year vs 14% growth forecast for Specialty Retail industry in Japan. Consensus price target of JP¥1,000 unchanged from last update. Share price rose 2.4% to JP¥962 over the past week.Major Estimate Revision • May 16Consensus EPS estimates fall by 53%The consensus outlook for earnings per share (EPS) in fiscal year 2027 has deteriorated. 2027 revenue forecast decreased from JP¥82.3b to JP¥80.8b. EPS estimate also fell from JP¥43.82 per share to JP¥20.60 per share. Net income forecast to grow 195% next year vs 12% growth forecast for Specialty Retail industry in Japan. Consensus price target of JP¥1,000 unchanged from last update. Share price was steady at JP¥939 over the past week.お知らせ • Jan 09+ 1 more updateChiyoda Co., Ltd. Provides Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2026Chiyoda Co., Ltd. provides consolidated and non-consolidated earnings guidance for the fiscal year ending February 28, 2026. For the period, on consolidated basis, the company expects net sales to be JPY 81,850 million, operating profit to be JPY 1,700 million, profit attributable to owners of parent to be JPY 1,000 million or basic earnings per share to be JPY 29.07. For the period, on non-consolidated basis, the company expects net sales to be JPY 79,400 million, net income to be JPY 750 million or per share to be JPY 21.81.Major Estimate Revision • Nov 07Consensus EPS estimates fall by 23%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥60.35 to JP¥46.20. Revenue forecast unchanged from JP¥81.5b at last update. Net income forecast to shrink 19% next year vs 15% growth forecast for Specialty Retail industry in Japan . Consensus price target down from JP¥1,100 to JP¥950. Share price was steady at JP¥982 over the past week.Price Target Changed • Jun 17Price target decreased by 12% to JP¥1,100Down from JP¥1,250, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥1,120. Stock is up 24% over the past year. The company is forecast to post earnings per share of JP¥64.63 for next year compared to JP¥83.08 last year.Major Estimate Revision • May 23Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥78.10 to JP¥67.48 per share. Revenue forecast steady at JP¥83.6b. Net income forecast to shrink 19% next year vs 11% growth forecast for Specialty Retail industry in Japan . Consensus price target broadly unchanged at JP¥1,250. Share price was steady at JP¥1,206 over the past week.すべての更新を表示Recent updatesReported Earnings • Jul 14First quarter 2027 earnings released: EPS: JP¥24.01 (vs JP¥37.15 in 1Q 2026)First quarter 2027 results: EPS: JP¥24.01 (down from JP¥37.15 in 1Q 2026). Revenue: JP¥21.6b (down 1.8% from 1Q 2026). Net income: JP¥815.0m (down 38% from 1Q 2026). Profit margin: 3.8% (down from 5.9% in 1Q 2026). Revenue is forecast to stay flat during the next 3 years compared to a 8.8% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Declared Dividend • Jun 12Final dividend of JP¥27.00 announcedDividend of JP¥27.00 is the same as last year. Ex-date: 28th August 2026 Payment date: 5th November 2026 Dividend yield will be 5.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 7x earnings) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 771% to bring the payout ratio under control. EPS is expected to grow by 178% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.Major Estimate Revision • Jun 09Consensus EPS estimates increase by 42%The consensus outlook for fiscal year 2027 has been updated. 2027 EPS estimate increased from JP¥20.60 to JP¥29.20. Revenue forecast steady at JP¥81.5b. Net income forecast to grow 322% next year vs 14% growth forecast for Specialty Retail industry in Japan. Consensus price target of JP¥1,000 unchanged from last update. Share price rose 2.4% to JP¥962 over the past week.分析記事 • Jun 02There May Be Some Bright Spots In Chiyoda's (TSE:8185) EarningsThe market for Chiyoda Co., Ltd.'s ( TSE:8185 ) shares didn't move much after it posted weak earnings recently. We did...お知らせ • May 27Chiyoda Co., Ltd. to Report Q1, 2027 Results on Jul 10, 2026Chiyoda Co., Ltd. announced that they will report Q1, 2027 results on Jul 10, 2026Major Estimate Revision • May 16Consensus EPS estimates fall by 53%The consensus outlook for earnings per share (EPS) in fiscal year 2027 has deteriorated. 2027 revenue forecast decreased from JP¥82.3b to JP¥80.8b. EPS estimate also fell from JP¥43.82 per share to JP¥20.60 per share. Net income forecast to grow 195% next year vs 12% growth forecast for Specialty Retail industry in Japan. Consensus price target of JP¥1,000 unchanged from last update. Share price was steady at JP¥939 over the past week.New Risk • Apr 17New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Dividend per share is over 7x earnings per share. The company is paying a dividend despite having no free cash flows. Dividend yield: 5.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 7x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin).Reported Earnings • Apr 11Full year 2026 earnings: EPS misses analyst expectationsFull year 2026 results: EPS: JP¥6.89 (down from JP¥83.08 in FY 2025). Revenue: JP¥81.4b (down 11% from FY 2025). Net income: JP¥237.0m (down 92% from FY 2025). Profit margin: 0.3% (down from 3.2% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 81%. Revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 66% 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 • Apr 11Chiyoda Co., Ltd., Annual General Meeting, May 21, 2026Chiyoda Co., Ltd., Annual General Meeting, May 21, 2026.お知らせ • Apr 03Chiyoda Co., Ltd. to Report Fiscal Year 2026 Results on Apr 10, 2026Chiyoda Co., Ltd. announced that they will report fiscal year 2026 results on Apr 10, 2026お知らせ • Mar 15Chiyoda Co., Ltd. Announces Board Changes, Effective May 2026Chiyoda Co., Ltd. announced Directors scheduled to Retire. Director Kunio Ozeki General Manager Sales Division, Director Kunihiro Adachi General Manager Marketing Division, Shintaro Horinouchi Outside Director. They are Scheduled to retire as Director at the Annual General Meeting of Shareholders to be held in May 2026.Upcoming Dividend • Feb 19Upcoming dividend of JP¥27.00 per shareEligible shareholders must have bought the stock before 26 February 2026. Payment date: 25 May 2026. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.4%).New Risk • Feb 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.0% 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.0% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Jan 10Third quarter 2026 earnings released: EPS: JP¥20.72 (vs JP¥18.61 in 3Q 2025)Third quarter 2026 results: EPS: JP¥20.72 (up from JP¥18.61 in 3Q 2025). Revenue: JP¥20.3b (down 15% from 3Q 2025). Net income: JP¥704.0m (up 7.5% from 3Q 2025). Profit margin: 3.5% (up from 2.8% in 3Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.分析記事 • Jan 09Chiyoda (TSE:8185) Has Announced A Dividend Of ¥27.00The board of Chiyoda Co., Ltd. ( TSE:8185 ) has announced that it will pay a dividend of ¥27.00 per share on the 25th...お知らせ • Jan 09+ 1 more updateChiyoda Co., Ltd. Provides Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2026Chiyoda Co., Ltd. provides consolidated and non-consolidated earnings guidance for the fiscal year ending February 28, 2026. For the period, on consolidated basis, the company expects net sales to be JPY 81,850 million, operating profit to be JPY 1,700 million, profit attributable to owners of parent to be JPY 1,000 million or basic earnings per share to be JPY 29.07. For the period, on non-consolidated basis, the company expects net sales to be JPY 79,400 million, net income to be JPY 750 million or per share to be JPY 21.81.Major Estimate Revision • Nov 07Consensus EPS estimates fall by 23%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥60.35 to JP¥46.20. Revenue forecast unchanged from JP¥81.5b at last update. Net income forecast to shrink 19% next year vs 15% growth forecast for Specialty Retail industry in Japan . Consensus price target down from JP¥1,100 to JP¥950. Share price was steady at JP¥982 over the past week.Declared Dividend • Nov 06First half dividend of JP¥27.00 announcedShareholders will receive a dividend of JP¥27.00. Ex-date: 26th February 2026 Payment date: 25th May 2026 Dividend yield will be 5.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (68% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 2.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover.分析記事 • Oct 27We Think That There Are More Issues For Chiyoda (TSE:8185) Than Just Sluggish EarningsInvestors weren't pleased with the recent soft earnings report from Chiyoda Co., Ltd. ( TSE:8185 ). Our analysis...Buy Or Sell Opportunity • Oct 20Now 21% overvaluedOver the last 90 days, the stock has fallen 14% to JP¥999. The fair value is estimated to be JP¥825, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 2.2% in 2 years. Earnings are forecast to decline by 2.5% in the next 2 years.New Risk • Oct 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% 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 (22% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Oct 11Second quarter 2026 earnings released: JP¥11.16 loss per share (vs JP¥7.22 profit in 2Q 2025)Second quarter 2026 results: JP¥11.16 loss per share (down from JP¥7.22 profit in 2Q 2025). Revenue: JP¥19.9b (down 14% from 2Q 2025). Net loss: JP¥385.0m (down 252% from profit in 2Q 2025). Revenue is forecast to stay flat 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 103% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 21Upcoming dividend of JP¥27.00 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 05 November 2025. Payout ratio is a comfortable 41% and the cash payout ratio is 93%. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%).Reported Earnings • Jul 14First quarter 2026 earnings released: EPS: JP¥37.15 (vs JP¥37.94 in 1Q 2025)First quarter 2026 results: EPS: JP¥37.15 (down from JP¥37.94 in 1Q 2025). Revenue: JP¥22.0b (down 14% from 1Q 2025). Net income: JP¥1.31b (down 2.1% from 1Q 2025). Profit margin: 5.9% (up from 5.2% in 1Q 2025). Revenue is forecast to stay flat 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 110% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.New Risk • Jul 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.1% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (93% cash payout ratio). Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results.Declared Dividend • Jun 18Final dividend of JP¥27.00 announcedShareholders will receive a dividend of JP¥27.00. Ex-date: 28th August 2025 Payment date: 5th November 2025 Dividend yield will be 3.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but not covered by cash flows (101% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 6.2% over the next 3 years. However, it would need to fall by 55% to increase the payout ratio to a potentially unsustainable range.Price Target Changed • Jun 17Price target decreased by 12% to JP¥1,100Down from JP¥1,250, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥1,120. Stock is up 24% over the past year. The company is forecast to post earnings per share of JP¥64.63 for next year compared to JP¥83.08 last year.お知らせ • Jun 13Chiyoda Co., Ltd. to Report Q1, 2026 Results on Jul 11, 2025Chiyoda Co., Ltd. announced that they will report Q1, 2026 results on Jul 11, 2025Major Estimate Revision • May 23Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥78.10 to JP¥67.48 per share. Revenue forecast steady at JP¥83.6b. Net income forecast to shrink 19% next year vs 11% growth forecast for Specialty Retail industry in Japan . Consensus price target broadly unchanged at JP¥1,250. Share price was steady at JP¥1,206 over the past week.New Risk • May 22New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.7% 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (93% cash payout ratio). Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results.Major Estimate Revision • May 14Consensus EPS estimates increase by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥82.3b to JP¥84.1b. EPS estimate increased from JP¥63.24 to JP¥78.10 per share. Net income forecast to shrink 5.9% next year vs 11% growth forecast for Specialty Retail industry in Japan . Consensus price target of JP¥1,270 unchanged from last update. Share price was steady at JP¥1,226 over the past week.分析記事 • May 07Subdued Growth No Barrier To Chiyoda Co., Ltd. (TSE:8185) With Shares Advancing 26%Chiyoda Co., Ltd. ( TSE:8185 ) shareholders are no doubt pleased to see that the share price has bounced 26% in the...お知らせ • Apr 24Chiyoda Co., Ltd. (TSE:8185) announces an Equity Buyback for 1,900,000 shares, representing 5.4% for ¥1,500 million.Chiyoda Co., Ltd. (TSE:8185) announces a share repurchase program. Under the program, the company will repurchase 1,900,000 shares, representing 5.4% of the outstanding shares for ¥1,500 million. The shares will be repurchased at a price of 789 per share. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment, to enhance capital efficiency and to improve shareholder profits. The repurchased shares will be cancelled. The program will run until September 30, 2025. As of April 18, 2025, the company had 35,190,851 shares outstanding and 419,145 shares in treasury.分析記事 • Apr 18We Like Chiyoda's (TSE:8185) Earnings For More Than Just Statutory ProfitShareholders appeared to be happy with Chiyoda Co., Ltd.'s ( TSE:8185 ) solid earnings report last week. According to...Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 22%After last week's 22% share price gain to JP¥1,264, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 12x in the Specialty Retail industry in Japan. Total returns to shareholders of 101% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥909 per share.Reported Earnings • Apr 12Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥83.08 (up from JP¥52.67 in FY 2024). Revenue: JP¥91.8b (down 1.6% from FY 2024). Net income: JP¥2.92b (up 58% from FY 2024). Profit margin: 3.2% (up from 2.0% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 72%. Revenue is expected to decline by 4.5% p.a. on average during the next 2 years, while revenues in the Specialty Retail industry in Japan are expected to grow by 6.7%. Over the last 3 years on average, earnings per share has increased by 110% 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 • Apr 11Chiyoda Co., Ltd., Annual General Meeting, May 22, 2025Chiyoda Co., Ltd., Annual General Meeting, May 22, 2025.Upcoming Dividend • Feb 20Upcoming dividend of JP¥17.00 per shareEligible shareholders must have bought the stock before 27 February 2025. Payment date: 24 May 2025. Payout ratio is a comfortable 23% 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 • Feb 11Chiyoda Co., Ltd. to Report Fiscal Year 2025 Results on Apr 11, 2025Chiyoda Co., Ltd. announced that they will report fiscal year 2025 results on Apr 11, 2025Major Estimate Revision • Jan 17Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥46.89 to JP¥52.59. Revenue forecast steady at JP¥92.3b. Net income forecast to grow 5.2% next year vs 14% growth forecast for Specialty Retail industry in Japan. Consensus price target of JP¥1,340 unchanged from last update. Share price fell 2.6% to JP¥1,270 over the past week.Reported Earnings • Jan 15Third quarter 2025 earnings released: EPS: JP¥18.61 (vs JP¥32.14 in 3Q 2024)Third quarter 2025 results: EPS: JP¥18.61 (down from JP¥32.14 in 3Q 2024). Revenue: JP¥23.8b (up 3.6% from 3Q 2024). Net income: JP¥655.0m (down 42% from 3Q 2024). Profit margin: 2.8% (down from 4.9% in 3Q 2024). Revenue is expected to decline by 5.1% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in Japan are expected to grow by 6.8%. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Dec 19Consensus EPS estimates increase by 18%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥39.78 to JP¥46.89. Revenue forecast steady at JP¥92.1b. Net income forecast to shrink 23% next year vs 8.8% growth forecast for Specialty Retail industry in Japan . Consensus price target up from JP¥880 to JP¥1,340. Share price was steady at JP¥1,385 over the past week.Price Target Changed • Dec 18Price target increased by 54% to JP¥1,340Up from JP¥870, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥1,355. Stock is up 61% over the past year. The company is forecast to post earnings per share of JP¥46.89 for next year compared to JP¥52.67 last year.New Risk • Nov 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.1% 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. 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 (5.4% average weekly change).お知らせ • Nov 14G Future No.1 Fund L.P. managed by Trust Up Co., Ltd., Investment Arm completed the acquisition of acquire 65% stake in Mac House Co.,Ltd. (TSE:7603) from Chiyoda Co., Ltd. (TSE:8185) and others.G Future No.1 Fund L.P. managed by Trust Up Co., Ltd., Investment Arm made an offer acquire 65% stake in Mac House Co.,Ltd. (TSE:7603) from Chiyoda Co., Ltd. (TSE:8185) and others for approximately ¥320 million on October 11, 2024. The offeror has made a bid to acquire the shares at a price of ¥32 per share. The offeror plans to cover the funds required for the Tender Offer with its own funds and an investment from gf.P Inc. The transaction is subject to minimum tender. The deal has been unanimously approved by the board of Mac House. The expected completion of the transaction is November 12, 2024. Tokai Tokyo Securities Co., Ltd. is acting as the tender offer agent in the deal. G Future No.1 Fund L.P. managed by Trust Up Co., Ltd., Investment Arm completed the acquisition of acquire 65% stake in Mac House Co.,Ltd. (TSE:7603) from Chiyoda Co., Ltd. (TSE:8185) and others on November 12, 2024.Declared Dividend • Nov 06First half dividend of JP¥17.00 announcedShareholders will receive a dividend of JP¥17.00. Ex-date: 27th February 2025 Payment date: 24th May 2025 Dividend yield will be 2.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. 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 • Oct 26Chiyoda Co., Ltd. to Report Q3, 2025 Results on Jan 10, 2025Chiyoda Co., Ltd. announced that they will report Q3, 2025 results on Jan 10, 2025Reported Earnings • Oct 18Second quarter 2025 earnings released: EPS: JP¥7.22 (vs JP¥11.92 loss in 2Q 2024)Second quarter 2025 results: EPS: JP¥7.22 (up from JP¥11.92 loss in 2Q 2024). Revenue: JP¥23.2b (up 2.5% from 2Q 2024). Net income: JP¥254.0m (up JP¥673.0m from 2Q 2024). Profit margin: 1.1% (up from net loss in 2Q 2024). Revenue is forecast to stay flat 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 99% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥1,204, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 75% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,356 per share.分析記事 • Oct 11Chiyoda Co., Ltd.'s (TSE:8185) 25% Price Boost Is Out Of Tune With RevenuesChiyoda Co., Ltd. ( TSE:8185 ) shares have had a really impressive month, gaining 25% after a shaky period beforehand...お知らせ • Oct 11G Future No.1 Fund L.P. managed by Trust Up Co., Ltd., Investment Arm made an offer acquire 65% stake in Mac House Co.,Ltd. (TSE:7603) from Chiyoda Co., Ltd. (TSE:8185) and others for approximately ¥320 million.G Future No.1 Fund L.P. managed by Trust Up Co., Ltd., Investment Arm made an offer acquire 65% stake in Mac House Co.,Ltd. (TSE:7603) from Chiyoda Co., Ltd. (TSE:8185) and others for approximately ¥320 million on October 11, 2024. The offeror has made a bid to acquire the shares at a price of ¥32 per share. The offeror plans to cover the funds required for the Tender Offer with its own funds and an investment from gf.P Inc. The transaction is subject to minimum tender. The deal has been unanimously approved by the board of Mac House. The expected completion of the transaction is November 12, 2024. Tokai Tokyo Securities Co., Ltd. is acting as the tender offer agent in the deal.お知らせ • Sep 18Chiyoda Co., Ltd. to Report Q2, 2025 Results on Oct 11, 2024Chiyoda Co., Ltd. announced that they will report Q2, 2025 results on Oct 11, 2024Upcoming Dividend • Aug 22Upcoming dividend of JP¥17.00 per shareEligible shareholders must have bought the stock before 29 August 2024. Payment date: 07 November 2024. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%).Price Target Changed • Aug 08Price target increased by 7.3% to JP¥880Up from JP¥820, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥865. Stock is down 13% over the past year. The company is forecast to post earnings per share of JP¥39.82 for next year compared to JP¥52.67 last year.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥804, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Specialty Retail industry in Japan. Total returns to shareholders of 5.7% over the past three years.Reported Earnings • Jul 16First quarter 2025 earnings released: EPS: JP¥37.94 (vs JP¥35.60 in 1Q 2024)First quarter 2025 results: EPS: JP¥37.94 (up from JP¥35.60 in 1Q 2024). Revenue: JP¥25.7b (flat on 1Q 2024). Net income: JP¥1.33b (up 6.8% from 1Q 2024). Profit margin: 5.2% (up from 4.9% in 1Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 7.1% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Jul 16Now 21% undervaluedOver the last 90 days, the stock has risen 9.3% to JP¥951. The fair value is estimated to be JP¥1,207, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 0.6% in 2 years. Earnings are forecast to decline by 32% in the next 2 years.Declared Dividend • Jun 06Final dividend of JP¥17.00 announcedShareholders will receive a dividend of JP¥17.00. Ex-date: 29th August 2024 Payment date: 7th November 2024 Dividend yield will be 3.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not covered by earnings (142% earnings payout ratio). However, it is covered by cash flows (51% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 57% to bring the payout ratio under control. However, EPS is expected to decline by 25% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.お知らせ • Apr 29Chiyoda Co., Ltd. to Report Q1, 2025 Results on Jul 12, 2024Chiyoda Co., Ltd. announced that they will report Q1, 2025 results on Jul 12, 2024Reported Earnings • Apr 14Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥52.67 (up from JP¥74.21 loss in FY 2023). Revenue: JP¥93.3b (up 1.3% from FY 2023). Net income: JP¥1.85b (up JP¥4.45b from FY 2023). Profit margin: 2.0% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is expected to decline by 4.7% p.a. on average during the next 2 years, while revenues in the Specialty Retail industry in Japan are expected to grow by 6.8%. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Apr 14+ 1 more updateChiyoda Co., Ltd. to Report Fiscal Year 2024 Results on Apr 12, 2024Chiyoda Co., Ltd. announced that they will report fiscal year 2024 results on Apr 12, 2024Upcoming Dividend • Feb 21Upcoming dividend of JP¥14.00 per shareEligible shareholders must have bought the stock before 28 February 2024. Payment date: 27 May 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%).Reported Earnings • Jan 14Third quarter 2024 earnings released: EPS: JP¥32.14 (vs JP¥7.44 loss in 3Q 2023)Third quarter 2024 results: EPS: JP¥32.14 (up from JP¥7.44 loss in 3Q 2023). Revenue: JP¥22.9b (up 1.2% from 3Q 2023). Net income: JP¥1.13b (up JP¥1.39b from 3Q 2023). Profit margin: 4.9% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.New Risk • Dec 16New major risk - Revenue and earnings growthEarnings have declined by 34% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 34% per year over the past 5 years.お知らせ • Nov 01Chiyoda Co., Ltd. to Report Q3, 2024 Results on Jan 12, 2024Chiyoda Co., Ltd. announced that they will report Q3, 2024 results on Jan 12, 2024Price Target Changed • Nov 01Price target decreased by 17% to JP¥750Down from JP¥900, the current price target is provided by 1 analyst. New target price is 10.0% below last closing price of JP¥833. Stock is up 15% over the past year. The company is forecast to post a net loss per share of JP¥8.60 next year compared to a net loss per share of JP¥74.21 last year.Reported Earnings • Oct 15Second quarter 2024 earnings released: JP¥11.92 loss per share (vs JP¥36.13 loss in 2Q 2023)Second quarter 2024 results: JP¥11.92 loss per share (improved from JP¥36.13 loss in 2Q 2023). Revenue: JP¥22.6b (up 2.7% from 2Q 2023). Net loss: JP¥419.0m (loss narrowed 67% from 2Q 2023). Revenue is expected to decline by 3.5% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in Japan are expected to grow by 6.6%. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • Aug 30Chiyoda Co., Ltd. to Report Q2, 2024 Results on Oct 13, 2023Chiyoda Co., Ltd. announced that they will report Q2, 2024 results on Oct 13, 2023Upcoming Dividend • Aug 23Upcoming dividend of JP¥14.00 per share at 2.8% yieldEligible shareholders must have bought the stock before 30 August 2023. Payment date: 07 November 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.4%).Price Target Changed • Jul 29Price target increased by 15% to JP¥900Up from JP¥780, the current price target is provided by 1 analyst. New target price is 11% below last closing price of JP¥1,010. Stock is up 25% over the past year. The company is forecast to post a net loss per share of JP¥8.60 next year compared to a net loss per share of JP¥74.21 last year.Reported Earnings • Jul 16First quarter 2024 earnings released: EPS: JP¥35.60 (vs JP¥5.48 in 1Q 2023)First quarter 2024 results: EPS: JP¥35.60 (up from JP¥5.48 in 1Q 2023). Revenue: JP¥25.5b (up 5.0% from 1Q 2023). Net income: JP¥1.25b (up JP¥1.06b from 1Q 2023). Profit margin: 4.9% (up from 0.8% in 1Q 2023). Revenue is expected to decline by 3.4% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in Japan are expected to grow by 6.6%. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Reported Earnings • May 30Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: JP¥74.21 loss per share (improved from JP¥112 loss in FY 2022). Revenue: JP¥92.1b (up 3.9% from FY 2022). Net loss: JP¥2.60b (loss narrowed 35% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.1%. Revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in Japan are expected to grow by 6.2%. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Major Estimate Revision • Apr 29Consensus estimates of losses per share improve by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥90.7b to JP¥92.5b. EPS estimate increased from -JP¥14.30 per share to -JP¥11.40 per share. Specialty Retail industry in Japan expected to see average net income growth of 3.8% next year. Consensus price target up from JP¥750 to JP¥780. Share price was steady at JP¥836 over the past week.Reported Earnings • Apr 16Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: JP¥74.21 loss per share (improved from JP¥112 loss in FY 2022). Revenue: JP¥92.1b (up 3.9% from FY 2022). Net loss: JP¥2.60b (loss narrowed 35% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.1%. Revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in Japan are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Upcoming Dividend • Feb 20Upcoming dividend of JP¥14.00 per share at 3.5% yieldEligible shareholders must have bought the stock before 27 February 2023. Payment date: 29 May 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).お知らせ • Feb 01Chiyoda Co., Ltd. to Report Fiscal Year 2023 Results on Apr 14, 2023Chiyoda Co., Ltd. announced that they will report fiscal year 2023 results on Apr 14, 2023Major Estimate Revision • Jan 26Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -JP¥62.80 to -JP¥71.30 per share. Revenue forecast unchanged at JP¥91.4b. Specialty Retail industry in Japan expected to see average net income growth of 3.4% next year. Consensus price target broadly unchanged at JP¥750. Share price was steady at JP¥788 over the past week.Reported Earnings • Jan 14Third quarter 2023 earnings released: JP¥7.44 loss per share (vs JP¥21.87 profit in 3Q 2022)Third quarter 2023 results: JP¥7.44 loss per share (down from JP¥21.87 profit in 3Q 2022). Revenue: JP¥22.7b (up 3.7% from 3Q 2022). Net loss: JP¥261.0m (down 134% from profit in 3Q 2022). Revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in Japan are expected to grow by 4.8%. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 21% per year.Board Change • Nov 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Norio Sato was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Price Target Changed • Nov 01Price target decreased to JP¥760Down from JP¥1,020, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥734. Stock is down 4.1% over the past year. The company is forecast to post a net loss per share of JP¥62.80 next year compared to a net loss per share of JP¥112 last year.Reported Earnings • Oct 13Second quarter 2023 earnings released: JP¥36.13 loss per share (vs JP¥61.70 loss in 2Q 2022)Second quarter 2023 results: JP¥36.13 loss per share (improved from JP¥61.70 loss in 2Q 2022). Revenue: JP¥22.0b (up 3.4% from 2Q 2022). Net loss: JP¥1.27b (loss narrowed 42% from 2Q 2022). Revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in Japan are expected to grow by 5.7%. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Aug 23Upcoming dividend of JP¥14.00 per shareEligible shareholders must have bought the stock before 30 August 2022. Payment date: 02 November 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).お知らせ • Jul 31Chiyoda Co., Ltd. to Report Q2, 2023 Results on Oct 12, 2022Chiyoda Co., Ltd. announced that they will report Q2, 2023 results on Oct 12, 2022Reported Earnings • Jul 15First quarter 2023 earnings released: EPS: JP¥5.48 (vs JP¥9.65 loss in 1Q 2022)First quarter 2023 results: EPS: JP¥5.48 (up from JP¥9.65 loss in 1Q 2022). Revenue: JP¥24.3b (up 3.9% from 1Q 2022). Net income: JP¥192.0m (up JP¥536.0m from 1Q 2022). Profit margin: 0.8% (up from net loss in 1Q 2022). Over the next year, revenue is forecast to stay flat compared to a 7.3% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.Reported Earnings • Jun 02Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: JP¥112 loss per share (up from JP¥140 loss in FY 2021). Revenue: JP¥88.7b (down 5.9% from FY 2021). Net loss: JP¥3.98b (loss narrowed 20% from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 461%. Over the next year, revenue is forecast to grow 1.1%, compared to a 7.5% growth forecast for the retail industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.お知らせ • May 04Chiyoda Co., Ltd. to Report Q1, 2023 Results on Jul 13, 2022Chiyoda Co., Ltd. announced that they will report Q1, 2023 results on Jul 13, 2022Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Norio Sato was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.お知らせ • Apr 15Chiyoda Co., Ltd., Annual General Meeting, May 26, 2022Chiyoda Co., Ltd., Annual General Meeting, May 26, 2022.Reported Earnings • Apr 14Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: JP¥112 loss per share (up from JP¥140 loss in FY 2021). Revenue: JP¥88.7b (down 5.9% from FY 2021). Net loss: JP¥3.98b (loss narrowed 20% from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 461%. Over the next year, revenue is expected to shrink by 1.2% compared to a 6.4% growth forecast for the retail industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Feb 18Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 25 February 2022. Payment date: 21 May 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%).お知らせ • Jan 30Chiyoda Co., Ltd. to Report Fiscal Year 2022 Results on Apr 13, 2022Chiyoda Co., Ltd. announced that they will report fiscal year 2022 results on Apr 13, 2022Major Estimate Revision • Jan 25Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 expected loss increased from -JP¥17.10 to -JP¥20.00 per share. Revenue forecast unchanged at JP¥88.5b. Specialty Retail industry in Japan expected to see average net income growth of 4.2% next year. Consensus price target down from JP¥820 to JP¥740. Share price rose 2.4% to JP¥754 over the past week.Reported Earnings • Jan 13Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: JP¥21.87 (up from JP¥27.95 loss in 3Q 2021). Revenue: JP¥21.9b (down 9.8% from 3Q 2021). Net income: JP¥778.0m (up JP¥1.77b from 3Q 2021). Profit margin: 3.6% (up from net loss in 3Q 2021). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates. Earnings per share (EPS) surpassed analyst estimates. Over the next year, revenue is expected to shrink by 1.5% compared to a 6.1% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.業績と収益の成長予測TSE:8185 - 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2/28/202982,8001,500N/AN/A22/29/202881,8001,350N/AN/A22/28/202781,5001,000N/AN/A25/31/202680,979-254N/AN/AN/A2/28/202681,377237-5,056-4,130N/A11/30/202581,3392,305N/AN/AN/A8/31/202584,8112,256-4,033-2,957N/A5/31/202588,1352,895N/AN/AN/A2/28/202591,8352,9232,0332,822N/A11/30/202494,9052,134N/AN/AN/A8/31/202494,0852,6095,1315,819N/A5/31/202493,5121,936N/AN/AN/A2/29/202493,3201,8512,3552,986N/A11/30/202394,213694N/AN/AN/A8/31/202393,940-697-2,930-1,922N/A5/31/202393,336-1,545N/AN/AN/A2/28/202392,119-2,602-4,169-2,980N/A11/30/202291,101-3,550N/AN/AN/A8/31/202290,291-2,511-5,006-4,238N/A5/31/202289,566-3,444N/AN/AN/A2/28/202288,651-3,980-4,307-3,604N/A11/30/202188,565-4,106N/AN/AN/A8/31/202190,931-5,880-857-173N/A5/31/202196,715-4,040N/AN/AN/A2/28/202194,227-5,002-3,254-1,723N/A11/30/202098,116-4,117N/AN/AN/A8/31/2020101,620-3,149-3,927-2,102N/A5/31/2020102,869-3,666N/AN/AN/A2/29/2020113,530-1,643N/A1,771N/A11/30/2019115,91698N/AN/AN/A8/31/2019116,872-96N/A1,512N/A5/31/2019117,512576N/AN/AN/A2/28/2019118,5681,613N/A5,825N/A11/30/2018119,8741,586N/AN/AN/A8/31/2018121,9263,128N/A6,497N/A5/31/2018124,4513,911N/AN/AN/A2/28/2018127,6344,643N/A3,893N/A11/30/2017129,9584,894N/AN/AN/A8/31/2017132,8264,806N/A6,133N/A5/31/2017134,6434,833N/AN/AN/A2/28/2017137,0174,295N/A6,994N/A11/30/2016140,0054,568N/AN/AN/A8/31/2016141,9194,549N/A1,811N/A5/31/2016143,2054,796N/AN/AN/A2/29/2016144,5044,882N/A-1,383N/A11/30/2015145,1514,749N/AN/AN/A8/31/2015143,5774,286N/A-3,584N/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: 8185は今後 3 年間で収益性が向上すると予測されており、これは 貯蓄率 ( 0.8% ) よりも高い成長率であると考えられます。収益対市場: 8185今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: 8185今後 3 年以内に収益を上げることが予想されます。収益対市場: 8185の収益 ( 0.8% ) JP市場 ( 6.5% ) よりも低い成長が予測されています。高い収益成長: 8185の収益 ( 0.8% ) 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: 8185の 自己資本利益率 は、3年後には低くなると予測されています ( 3 %)。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2026/07/16 20:00終値2026/07/16 00:00収益2026/05/31年間収益2026/02/28データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Chiyoda Co., Ltd. 2 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。7 アナリスト機関Daisuke MatsumotoBarclaysnull nullCLSADaisuke MatsumotoDaiwa Securities Co. Ltd.4 その他のアナリストを表示
Major Estimate Revision • Jun 09Consensus EPS estimates increase by 42%The consensus outlook for fiscal year 2027 has been updated. 2027 EPS estimate increased from JP¥20.60 to JP¥29.20. Revenue forecast steady at JP¥81.5b. Net income forecast to grow 322% next year vs 14% growth forecast for Specialty Retail industry in Japan. Consensus price target of JP¥1,000 unchanged from last update. Share price rose 2.4% to JP¥962 over the past week.
Major Estimate Revision • May 16Consensus EPS estimates fall by 53%The consensus outlook for earnings per share (EPS) in fiscal year 2027 has deteriorated. 2027 revenue forecast decreased from JP¥82.3b to JP¥80.8b. EPS estimate also fell from JP¥43.82 per share to JP¥20.60 per share. Net income forecast to grow 195% next year vs 12% growth forecast for Specialty Retail industry in Japan. Consensus price target of JP¥1,000 unchanged from last update. Share price was steady at JP¥939 over the past week.
お知らせ • Jan 09+ 1 more updateChiyoda Co., Ltd. Provides Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2026Chiyoda Co., Ltd. provides consolidated and non-consolidated earnings guidance for the fiscal year ending February 28, 2026. For the period, on consolidated basis, the company expects net sales to be JPY 81,850 million, operating profit to be JPY 1,700 million, profit attributable to owners of parent to be JPY 1,000 million or basic earnings per share to be JPY 29.07. For the period, on non-consolidated basis, the company expects net sales to be JPY 79,400 million, net income to be JPY 750 million or per share to be JPY 21.81.
Major Estimate Revision • Nov 07Consensus EPS estimates fall by 23%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥60.35 to JP¥46.20. Revenue forecast unchanged from JP¥81.5b at last update. Net income forecast to shrink 19% next year vs 15% growth forecast for Specialty Retail industry in Japan . Consensus price target down from JP¥1,100 to JP¥950. Share price was steady at JP¥982 over the past week.
Price Target Changed • Jun 17Price target decreased by 12% to JP¥1,100Down from JP¥1,250, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥1,120. Stock is up 24% over the past year. The company is forecast to post earnings per share of JP¥64.63 for next year compared to JP¥83.08 last year.
Major Estimate Revision • May 23Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥78.10 to JP¥67.48 per share. Revenue forecast steady at JP¥83.6b. Net income forecast to shrink 19% next year vs 11% growth forecast for Specialty Retail industry in Japan . Consensus price target broadly unchanged at JP¥1,250. Share price was steady at JP¥1,206 over the past week.
Reported Earnings • Jul 14First quarter 2027 earnings released: EPS: JP¥24.01 (vs JP¥37.15 in 1Q 2026)First quarter 2027 results: EPS: JP¥24.01 (down from JP¥37.15 in 1Q 2026). Revenue: JP¥21.6b (down 1.8% from 1Q 2026). Net income: JP¥815.0m (down 38% from 1Q 2026). Profit margin: 3.8% (down from 5.9% in 1Q 2026). Revenue is forecast to stay flat during the next 3 years compared to a 8.8% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Jun 12Final dividend of JP¥27.00 announcedDividend of JP¥27.00 is the same as last year. Ex-date: 28th August 2026 Payment date: 5th November 2026 Dividend yield will be 5.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 7x earnings) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 771% to bring the payout ratio under control. EPS is expected to grow by 178% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Major Estimate Revision • Jun 09Consensus EPS estimates increase by 42%The consensus outlook for fiscal year 2027 has been updated. 2027 EPS estimate increased from JP¥20.60 to JP¥29.20. Revenue forecast steady at JP¥81.5b. Net income forecast to grow 322% next year vs 14% growth forecast for Specialty Retail industry in Japan. Consensus price target of JP¥1,000 unchanged from last update. Share price rose 2.4% to JP¥962 over the past week.
分析記事 • Jun 02There May Be Some Bright Spots In Chiyoda's (TSE:8185) EarningsThe market for Chiyoda Co., Ltd.'s ( TSE:8185 ) shares didn't move much after it posted weak earnings recently. We did...
お知らせ • May 27Chiyoda Co., Ltd. to Report Q1, 2027 Results on Jul 10, 2026Chiyoda Co., Ltd. announced that they will report Q1, 2027 results on Jul 10, 2026
Major Estimate Revision • May 16Consensus EPS estimates fall by 53%The consensus outlook for earnings per share (EPS) in fiscal year 2027 has deteriorated. 2027 revenue forecast decreased from JP¥82.3b to JP¥80.8b. EPS estimate also fell from JP¥43.82 per share to JP¥20.60 per share. Net income forecast to grow 195% next year vs 12% growth forecast for Specialty Retail industry in Japan. Consensus price target of JP¥1,000 unchanged from last update. Share price was steady at JP¥939 over the past week.
New Risk • Apr 17New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Dividend per share is over 7x earnings per share. The company is paying a dividend despite having no free cash flows. Dividend yield: 5.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 7x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin).
Reported Earnings • Apr 11Full year 2026 earnings: EPS misses analyst expectationsFull year 2026 results: EPS: JP¥6.89 (down from JP¥83.08 in FY 2025). Revenue: JP¥81.4b (down 11% from FY 2025). Net income: JP¥237.0m (down 92% from FY 2025). Profit margin: 0.3% (down from 3.2% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 81%. Revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 66% 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 • Apr 11Chiyoda Co., Ltd., Annual General Meeting, May 21, 2026Chiyoda Co., Ltd., Annual General Meeting, May 21, 2026.
お知らせ • Apr 03Chiyoda Co., Ltd. to Report Fiscal Year 2026 Results on Apr 10, 2026Chiyoda Co., Ltd. announced that they will report fiscal year 2026 results on Apr 10, 2026
お知らせ • Mar 15Chiyoda Co., Ltd. Announces Board Changes, Effective May 2026Chiyoda Co., Ltd. announced Directors scheduled to Retire. Director Kunio Ozeki General Manager Sales Division, Director Kunihiro Adachi General Manager Marketing Division, Shintaro Horinouchi Outside Director. They are Scheduled to retire as Director at the Annual General Meeting of Shareholders to be held in May 2026.
Upcoming Dividend • Feb 19Upcoming dividend of JP¥27.00 per shareEligible shareholders must have bought the stock before 26 February 2026. Payment date: 25 May 2026. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.4%).
New Risk • Feb 11New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.0% 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.0% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Jan 10Third quarter 2026 earnings released: EPS: JP¥20.72 (vs JP¥18.61 in 3Q 2025)Third quarter 2026 results: EPS: JP¥20.72 (up from JP¥18.61 in 3Q 2025). Revenue: JP¥20.3b (down 15% from 3Q 2025). Net income: JP¥704.0m (up 7.5% from 3Q 2025). Profit margin: 3.5% (up from 2.8% in 3Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
分析記事 • Jan 09Chiyoda (TSE:8185) Has Announced A Dividend Of ¥27.00The board of Chiyoda Co., Ltd. ( TSE:8185 ) has announced that it will pay a dividend of ¥27.00 per share on the 25th...
お知らせ • Jan 09+ 1 more updateChiyoda Co., Ltd. Provides Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2026Chiyoda Co., Ltd. provides consolidated and non-consolidated earnings guidance for the fiscal year ending February 28, 2026. For the period, on consolidated basis, the company expects net sales to be JPY 81,850 million, operating profit to be JPY 1,700 million, profit attributable to owners of parent to be JPY 1,000 million or basic earnings per share to be JPY 29.07. For the period, on non-consolidated basis, the company expects net sales to be JPY 79,400 million, net income to be JPY 750 million or per share to be JPY 21.81.
Major Estimate Revision • Nov 07Consensus EPS estimates fall by 23%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥60.35 to JP¥46.20. Revenue forecast unchanged from JP¥81.5b at last update. Net income forecast to shrink 19% next year vs 15% growth forecast for Specialty Retail industry in Japan . Consensus price target down from JP¥1,100 to JP¥950. Share price was steady at JP¥982 over the past week.
Declared Dividend • Nov 06First half dividend of JP¥27.00 announcedShareholders will receive a dividend of JP¥27.00. Ex-date: 26th February 2026 Payment date: 25th May 2026 Dividend yield will be 5.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (68% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 2.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
分析記事 • Oct 27We Think That There Are More Issues For Chiyoda (TSE:8185) Than Just Sluggish EarningsInvestors weren't pleased with the recent soft earnings report from Chiyoda Co., Ltd. ( TSE:8185 ). Our analysis...
Buy Or Sell Opportunity • Oct 20Now 21% overvaluedOver the last 90 days, the stock has fallen 14% to JP¥999. The fair value is estimated to be JP¥825, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 2.2% in 2 years. Earnings are forecast to decline by 2.5% in the next 2 years.
New Risk • Oct 15New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% 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 (22% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Oct 11Second quarter 2026 earnings released: JP¥11.16 loss per share (vs JP¥7.22 profit in 2Q 2025)Second quarter 2026 results: JP¥11.16 loss per share (down from JP¥7.22 profit in 2Q 2025). Revenue: JP¥19.9b (down 14% from 2Q 2025). Net loss: JP¥385.0m (down 252% from profit in 2Q 2025). Revenue is forecast to stay flat 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 103% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 21Upcoming dividend of JP¥27.00 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 05 November 2025. Payout ratio is a comfortable 41% and the cash payout ratio is 93%. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%).
Reported Earnings • Jul 14First quarter 2026 earnings released: EPS: JP¥37.15 (vs JP¥37.94 in 1Q 2025)First quarter 2026 results: EPS: JP¥37.15 (down from JP¥37.94 in 1Q 2025). Revenue: JP¥22.0b (down 14% from 1Q 2025). Net income: JP¥1.31b (down 2.1% from 1Q 2025). Profit margin: 5.9% (up from 5.2% in 1Q 2025). Revenue is forecast to stay flat 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 110% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.1% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (93% cash payout ratio). Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results.
Declared Dividend • Jun 18Final dividend of JP¥27.00 announcedShareholders will receive a dividend of JP¥27.00. Ex-date: 28th August 2025 Payment date: 5th November 2025 Dividend yield will be 3.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but not covered by cash flows (101% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 6.2% over the next 3 years. However, it would need to fall by 55% to increase the payout ratio to a potentially unsustainable range.
Price Target Changed • Jun 17Price target decreased by 12% to JP¥1,100Down from JP¥1,250, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥1,120. Stock is up 24% over the past year. The company is forecast to post earnings per share of JP¥64.63 for next year compared to JP¥83.08 last year.
お知らせ • Jun 13Chiyoda Co., Ltd. to Report Q1, 2026 Results on Jul 11, 2025Chiyoda Co., Ltd. announced that they will report Q1, 2026 results on Jul 11, 2025
Major Estimate Revision • May 23Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥78.10 to JP¥67.48 per share. Revenue forecast steady at JP¥83.6b. Net income forecast to shrink 19% next year vs 11% growth forecast for Specialty Retail industry in Japan . Consensus price target broadly unchanged at JP¥1,250. Share price was steady at JP¥1,206 over the past week.
New Risk • May 22New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.7% 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (93% cash payout ratio). Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results.
Major Estimate Revision • May 14Consensus EPS estimates increase by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥82.3b to JP¥84.1b. EPS estimate increased from JP¥63.24 to JP¥78.10 per share. Net income forecast to shrink 5.9% next year vs 11% growth forecast for Specialty Retail industry in Japan . Consensus price target of JP¥1,270 unchanged from last update. Share price was steady at JP¥1,226 over the past week.
分析記事 • May 07Subdued Growth No Barrier To Chiyoda Co., Ltd. (TSE:8185) With Shares Advancing 26%Chiyoda Co., Ltd. ( TSE:8185 ) shareholders are no doubt pleased to see that the share price has bounced 26% in the...
お知らせ • Apr 24Chiyoda Co., Ltd. (TSE:8185) announces an Equity Buyback for 1,900,000 shares, representing 5.4% for ¥1,500 million.Chiyoda Co., Ltd. (TSE:8185) announces a share repurchase program. Under the program, the company will repurchase 1,900,000 shares, representing 5.4% of the outstanding shares for ¥1,500 million. The shares will be repurchased at a price of 789 per share. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment, to enhance capital efficiency and to improve shareholder profits. The repurchased shares will be cancelled. The program will run until September 30, 2025. As of April 18, 2025, the company had 35,190,851 shares outstanding and 419,145 shares in treasury.
分析記事 • Apr 18We Like Chiyoda's (TSE:8185) Earnings For More Than Just Statutory ProfitShareholders appeared to be happy with Chiyoda Co., Ltd.'s ( TSE:8185 ) solid earnings report last week. According to...
Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 22%After last week's 22% share price gain to JP¥1,264, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 12x in the Specialty Retail industry in Japan. Total returns to shareholders of 101% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥909 per share.
Reported Earnings • Apr 12Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥83.08 (up from JP¥52.67 in FY 2024). Revenue: JP¥91.8b (down 1.6% from FY 2024). Net income: JP¥2.92b (up 58% from FY 2024). Profit margin: 3.2% (up from 2.0% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 72%. Revenue is expected to decline by 4.5% p.a. on average during the next 2 years, while revenues in the Specialty Retail industry in Japan are expected to grow by 6.7%. Over the last 3 years on average, earnings per share has increased by 110% 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 • Apr 11Chiyoda Co., Ltd., Annual General Meeting, May 22, 2025Chiyoda Co., Ltd., Annual General Meeting, May 22, 2025.
Upcoming Dividend • Feb 20Upcoming dividend of JP¥17.00 per shareEligible shareholders must have bought the stock before 27 February 2025. Payment date: 24 May 2025. Payout ratio is a comfortable 23% 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 • Feb 11Chiyoda Co., Ltd. to Report Fiscal Year 2025 Results on Apr 11, 2025Chiyoda Co., Ltd. announced that they will report fiscal year 2025 results on Apr 11, 2025
Major Estimate Revision • Jan 17Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥46.89 to JP¥52.59. Revenue forecast steady at JP¥92.3b. Net income forecast to grow 5.2% next year vs 14% growth forecast for Specialty Retail industry in Japan. Consensus price target of JP¥1,340 unchanged from last update. Share price fell 2.6% to JP¥1,270 over the past week.
Reported Earnings • Jan 15Third quarter 2025 earnings released: EPS: JP¥18.61 (vs JP¥32.14 in 3Q 2024)Third quarter 2025 results: EPS: JP¥18.61 (down from JP¥32.14 in 3Q 2024). Revenue: JP¥23.8b (up 3.6% from 3Q 2024). Net income: JP¥655.0m (down 42% from 3Q 2024). Profit margin: 2.8% (down from 4.9% in 3Q 2024). Revenue is expected to decline by 5.1% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in Japan are expected to grow by 6.8%. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Dec 19Consensus EPS estimates increase by 18%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥39.78 to JP¥46.89. Revenue forecast steady at JP¥92.1b. Net income forecast to shrink 23% next year vs 8.8% growth forecast for Specialty Retail industry in Japan . Consensus price target up from JP¥880 to JP¥1,340. Share price was steady at JP¥1,385 over the past week.
Price Target Changed • Dec 18Price target increased by 54% to JP¥1,340Up from JP¥870, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥1,355. Stock is up 61% over the past year. The company is forecast to post earnings per share of JP¥46.89 for next year compared to JP¥52.67 last year.
New Risk • Nov 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.1% 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. 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 (5.4% average weekly change).
お知らせ • Nov 14G Future No.1 Fund L.P. managed by Trust Up Co., Ltd., Investment Arm completed the acquisition of acquire 65% stake in Mac House Co.,Ltd. (TSE:7603) from Chiyoda Co., Ltd. (TSE:8185) and others.G Future No.1 Fund L.P. managed by Trust Up Co., Ltd., Investment Arm made an offer acquire 65% stake in Mac House Co.,Ltd. (TSE:7603) from Chiyoda Co., Ltd. (TSE:8185) and others for approximately ¥320 million on October 11, 2024. The offeror has made a bid to acquire the shares at a price of ¥32 per share. The offeror plans to cover the funds required for the Tender Offer with its own funds and an investment from gf.P Inc. The transaction is subject to minimum tender. The deal has been unanimously approved by the board of Mac House. The expected completion of the transaction is November 12, 2024. Tokai Tokyo Securities Co., Ltd. is acting as the tender offer agent in the deal. G Future No.1 Fund L.P. managed by Trust Up Co., Ltd., Investment Arm completed the acquisition of acquire 65% stake in Mac House Co.,Ltd. (TSE:7603) from Chiyoda Co., Ltd. (TSE:8185) and others on November 12, 2024.
Declared Dividend • Nov 06First half dividend of JP¥17.00 announcedShareholders will receive a dividend of JP¥17.00. Ex-date: 27th February 2025 Payment date: 24th May 2025 Dividend yield will be 2.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. 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 • Oct 26Chiyoda Co., Ltd. to Report Q3, 2025 Results on Jan 10, 2025Chiyoda Co., Ltd. announced that they will report Q3, 2025 results on Jan 10, 2025
Reported Earnings • Oct 18Second quarter 2025 earnings released: EPS: JP¥7.22 (vs JP¥11.92 loss in 2Q 2024)Second quarter 2025 results: EPS: JP¥7.22 (up from JP¥11.92 loss in 2Q 2024). Revenue: JP¥23.2b (up 2.5% from 2Q 2024). Net income: JP¥254.0m (up JP¥673.0m from 2Q 2024). Profit margin: 1.1% (up from net loss in 2Q 2024). Revenue is forecast to stay flat 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 99% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥1,204, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 75% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,356 per share.
分析記事 • Oct 11Chiyoda Co., Ltd.'s (TSE:8185) 25% Price Boost Is Out Of Tune With RevenuesChiyoda Co., Ltd. ( TSE:8185 ) shares have had a really impressive month, gaining 25% after a shaky period beforehand...
お知らせ • Oct 11G Future No.1 Fund L.P. managed by Trust Up Co., Ltd., Investment Arm made an offer acquire 65% stake in Mac House Co.,Ltd. (TSE:7603) from Chiyoda Co., Ltd. (TSE:8185) and others for approximately ¥320 million.G Future No.1 Fund L.P. managed by Trust Up Co., Ltd., Investment Arm made an offer acquire 65% stake in Mac House Co.,Ltd. (TSE:7603) from Chiyoda Co., Ltd. (TSE:8185) and others for approximately ¥320 million on October 11, 2024. The offeror has made a bid to acquire the shares at a price of ¥32 per share. The offeror plans to cover the funds required for the Tender Offer with its own funds and an investment from gf.P Inc. The transaction is subject to minimum tender. The deal has been unanimously approved by the board of Mac House. The expected completion of the transaction is November 12, 2024. Tokai Tokyo Securities Co., Ltd. is acting as the tender offer agent in the deal.
お知らせ • Sep 18Chiyoda Co., Ltd. to Report Q2, 2025 Results on Oct 11, 2024Chiyoda Co., Ltd. announced that they will report Q2, 2025 results on Oct 11, 2024
Upcoming Dividend • Aug 22Upcoming dividend of JP¥17.00 per shareEligible shareholders must have bought the stock before 29 August 2024. Payment date: 07 November 2024. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%).
Price Target Changed • Aug 08Price target increased by 7.3% to JP¥880Up from JP¥820, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥865. Stock is down 13% over the past year. The company is forecast to post earnings per share of JP¥39.82 for next year compared to JP¥52.67 last year.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥804, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Specialty Retail industry in Japan. Total returns to shareholders of 5.7% over the past three years.
Reported Earnings • Jul 16First quarter 2025 earnings released: EPS: JP¥37.94 (vs JP¥35.60 in 1Q 2024)First quarter 2025 results: EPS: JP¥37.94 (up from JP¥35.60 in 1Q 2024). Revenue: JP¥25.7b (flat on 1Q 2024). Net income: JP¥1.33b (up 6.8% from 1Q 2024). Profit margin: 5.2% (up from 4.9% in 1Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 7.1% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Jul 16Now 21% undervaluedOver the last 90 days, the stock has risen 9.3% to JP¥951. The fair value is estimated to be JP¥1,207, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 0.6% in 2 years. Earnings are forecast to decline by 32% in the next 2 years.
Declared Dividend • Jun 06Final dividend of JP¥17.00 announcedShareholders will receive a dividend of JP¥17.00. Ex-date: 29th August 2024 Payment date: 7th November 2024 Dividend yield will be 3.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not covered by earnings (142% earnings payout ratio). However, it is covered by cash flows (51% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 57% to bring the payout ratio under control. However, EPS is expected to decline by 25% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
お知らせ • Apr 29Chiyoda Co., Ltd. to Report Q1, 2025 Results on Jul 12, 2024Chiyoda Co., Ltd. announced that they will report Q1, 2025 results on Jul 12, 2024
Reported Earnings • Apr 14Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥52.67 (up from JP¥74.21 loss in FY 2023). Revenue: JP¥93.3b (up 1.3% from FY 2023). Net income: JP¥1.85b (up JP¥4.45b from FY 2023). Profit margin: 2.0% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is expected to decline by 4.7% p.a. on average during the next 2 years, while revenues in the Specialty Retail industry in Japan are expected to grow by 6.8%. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Apr 14+ 1 more updateChiyoda Co., Ltd. to Report Fiscal Year 2024 Results on Apr 12, 2024Chiyoda Co., Ltd. announced that they will report fiscal year 2024 results on Apr 12, 2024
Upcoming Dividend • Feb 21Upcoming dividend of JP¥14.00 per shareEligible shareholders must have bought the stock before 28 February 2024. Payment date: 27 May 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%).
Reported Earnings • Jan 14Third quarter 2024 earnings released: EPS: JP¥32.14 (vs JP¥7.44 loss in 3Q 2023)Third quarter 2024 results: EPS: JP¥32.14 (up from JP¥7.44 loss in 3Q 2023). Revenue: JP¥22.9b (up 1.2% from 3Q 2023). Net income: JP¥1.13b (up JP¥1.39b from 3Q 2023). Profit margin: 4.9% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
New Risk • Dec 16New major risk - Revenue and earnings growthEarnings have declined by 34% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 34% per year over the past 5 years.
お知らせ • Nov 01Chiyoda Co., Ltd. to Report Q3, 2024 Results on Jan 12, 2024Chiyoda Co., Ltd. announced that they will report Q3, 2024 results on Jan 12, 2024
Price Target Changed • Nov 01Price target decreased by 17% to JP¥750Down from JP¥900, the current price target is provided by 1 analyst. New target price is 10.0% below last closing price of JP¥833. Stock is up 15% over the past year. The company is forecast to post a net loss per share of JP¥8.60 next year compared to a net loss per share of JP¥74.21 last year.
Reported Earnings • Oct 15Second quarter 2024 earnings released: JP¥11.92 loss per share (vs JP¥36.13 loss in 2Q 2023)Second quarter 2024 results: JP¥11.92 loss per share (improved from JP¥36.13 loss in 2Q 2023). Revenue: JP¥22.6b (up 2.7% from 2Q 2023). Net loss: JP¥419.0m (loss narrowed 67% from 2Q 2023). Revenue is expected to decline by 3.5% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in Japan are expected to grow by 6.6%. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • Aug 30Chiyoda Co., Ltd. to Report Q2, 2024 Results on Oct 13, 2023Chiyoda Co., Ltd. announced that they will report Q2, 2024 results on Oct 13, 2023
Upcoming Dividend • Aug 23Upcoming dividend of JP¥14.00 per share at 2.8% yieldEligible shareholders must have bought the stock before 30 August 2023. Payment date: 07 November 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.4%).
Price Target Changed • Jul 29Price target increased by 15% to JP¥900Up from JP¥780, the current price target is provided by 1 analyst. New target price is 11% below last closing price of JP¥1,010. Stock is up 25% over the past year. The company is forecast to post a net loss per share of JP¥8.60 next year compared to a net loss per share of JP¥74.21 last year.
Reported Earnings • Jul 16First quarter 2024 earnings released: EPS: JP¥35.60 (vs JP¥5.48 in 1Q 2023)First quarter 2024 results: EPS: JP¥35.60 (up from JP¥5.48 in 1Q 2023). Revenue: JP¥25.5b (up 5.0% from 1Q 2023). Net income: JP¥1.25b (up JP¥1.06b from 1Q 2023). Profit margin: 4.9% (up from 0.8% in 1Q 2023). Revenue is expected to decline by 3.4% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in Japan are expected to grow by 6.6%. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Reported Earnings • May 30Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: JP¥74.21 loss per share (improved from JP¥112 loss in FY 2022). Revenue: JP¥92.1b (up 3.9% from FY 2022). Net loss: JP¥2.60b (loss narrowed 35% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.1%. Revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in Japan are expected to grow by 6.2%. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Apr 29Consensus estimates of losses per share improve by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥90.7b to JP¥92.5b. EPS estimate increased from -JP¥14.30 per share to -JP¥11.40 per share. Specialty Retail industry in Japan expected to see average net income growth of 3.8% next year. Consensus price target up from JP¥750 to JP¥780. Share price was steady at JP¥836 over the past week.
Reported Earnings • Apr 16Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: JP¥74.21 loss per share (improved from JP¥112 loss in FY 2022). Revenue: JP¥92.1b (up 3.9% from FY 2022). Net loss: JP¥2.60b (loss narrowed 35% from FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.1%. Revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in Japan are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Feb 20Upcoming dividend of JP¥14.00 per share at 3.5% yieldEligible shareholders must have bought the stock before 27 February 2023. Payment date: 29 May 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).
お知らせ • Feb 01Chiyoda Co., Ltd. to Report Fiscal Year 2023 Results on Apr 14, 2023Chiyoda Co., Ltd. announced that they will report fiscal year 2023 results on Apr 14, 2023
Major Estimate Revision • Jan 26Consensus EPS estimates fall by 14%The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -JP¥62.80 to -JP¥71.30 per share. Revenue forecast unchanged at JP¥91.4b. Specialty Retail industry in Japan expected to see average net income growth of 3.4% next year. Consensus price target broadly unchanged at JP¥750. Share price was steady at JP¥788 over the past week.
Reported Earnings • Jan 14Third quarter 2023 earnings released: JP¥7.44 loss per share (vs JP¥21.87 profit in 3Q 2022)Third quarter 2023 results: JP¥7.44 loss per share (down from JP¥21.87 profit in 3Q 2022). Revenue: JP¥22.7b (up 3.7% from 3Q 2022). Net loss: JP¥261.0m (down 134% from profit in 3Q 2022). Revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in Japan are expected to grow by 4.8%. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 21% per year.
Board Change • Nov 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Norio Sato was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Price Target Changed • Nov 01Price target decreased to JP¥760Down from JP¥1,020, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥734. Stock is down 4.1% over the past year. The company is forecast to post a net loss per share of JP¥62.80 next year compared to a net loss per share of JP¥112 last year.
Reported Earnings • Oct 13Second quarter 2023 earnings released: JP¥36.13 loss per share (vs JP¥61.70 loss in 2Q 2022)Second quarter 2023 results: JP¥36.13 loss per share (improved from JP¥61.70 loss in 2Q 2022). Revenue: JP¥22.0b (up 3.4% from 2Q 2022). Net loss: JP¥1.27b (loss narrowed 42% from 2Q 2022). Revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in Japan are expected to grow by 5.7%. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Aug 23Upcoming dividend of JP¥14.00 per shareEligible shareholders must have bought the stock before 30 August 2022. Payment date: 02 November 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).
お知らせ • Jul 31Chiyoda Co., Ltd. to Report Q2, 2023 Results on Oct 12, 2022Chiyoda Co., Ltd. announced that they will report Q2, 2023 results on Oct 12, 2022
Reported Earnings • Jul 15First quarter 2023 earnings released: EPS: JP¥5.48 (vs JP¥9.65 loss in 1Q 2022)First quarter 2023 results: EPS: JP¥5.48 (up from JP¥9.65 loss in 1Q 2022). Revenue: JP¥24.3b (up 3.9% from 1Q 2022). Net income: JP¥192.0m (up JP¥536.0m from 1Q 2022). Profit margin: 0.8% (up from net loss in 1Q 2022). Over the next year, revenue is forecast to stay flat compared to a 7.3% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
Reported Earnings • Jun 02Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: JP¥112 loss per share (up from JP¥140 loss in FY 2021). Revenue: JP¥88.7b (down 5.9% from FY 2021). Net loss: JP¥3.98b (loss narrowed 20% from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 461%. Over the next year, revenue is forecast to grow 1.1%, compared to a 7.5% growth forecast for the retail industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.
お知らせ • May 04Chiyoda Co., Ltd. to Report Q1, 2023 Results on Jul 13, 2022Chiyoda Co., Ltd. announced that they will report Q1, 2023 results on Jul 13, 2022
Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Norio Sato was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
お知らせ • Apr 15Chiyoda Co., Ltd., Annual General Meeting, May 26, 2022Chiyoda Co., Ltd., Annual General Meeting, May 26, 2022.
Reported Earnings • Apr 14Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: JP¥112 loss per share (up from JP¥140 loss in FY 2021). Revenue: JP¥88.7b (down 5.9% from FY 2021). Net loss: JP¥3.98b (loss narrowed 20% from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 461%. Over the next year, revenue is expected to shrink by 1.2% compared to a 6.4% growth forecast for the retail industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Feb 18Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 25 February 2022. Payment date: 21 May 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%).
お知らせ • Jan 30Chiyoda Co., Ltd. to Report Fiscal Year 2022 Results on Apr 13, 2022Chiyoda Co., Ltd. announced that they will report fiscal year 2022 results on Apr 13, 2022
Major Estimate Revision • Jan 25Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 expected loss increased from -JP¥17.10 to -JP¥20.00 per share. Revenue forecast unchanged at JP¥88.5b. Specialty Retail industry in Japan expected to see average net income growth of 4.2% next year. Consensus price target down from JP¥820 to JP¥740. Share price rose 2.4% to JP¥754 over the past week.
Reported Earnings • Jan 13Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: JP¥21.87 (up from JP¥27.95 loss in 3Q 2021). Revenue: JP¥21.9b (down 9.8% from 3Q 2021). Net income: JP¥778.0m (up JP¥1.77b from 3Q 2021). Profit margin: 3.6% (up from net loss in 3Q 2021). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates. Earnings per share (EPS) surpassed analyst estimates. Over the next year, revenue is expected to shrink by 1.5% compared to a 6.1% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance.