Aoyama Trading（8219）株式概要青山商事株式会社は、日本でビジネスウェア、クレジットカード、印刷・メディア、雑貨販売、リペアサービス、フランチャイジー、不動産などの事業を展開している。 詳細8219 ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長1/6過去の実績2/6財務の健全性5/6配当金2/6報酬収益は年間4.04%増加すると予測されています リスク分析5.11%の配当は、利益やフリーキャッシュフローによって十分にカバーされていない すべてのリスクチェックを見る8219 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW488,504 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA488,504 investors already sharing narrativesYour Fair ValueJP¥Current PriceJP¥743.0023.6% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-39b255b2016201920222025202620282031Revenue JP¥195.2bEarnings JP¥7.1bAdvancedSet Fair ValueView all narrativesAoyama Trading Co., Ltd. 競合他社Nishimatsuya ChainSymbol: TSE:7545Market cap: JP¥118.6bHUMAN MADESymbol: TSE:456AMarket cap: JP¥130.0bWorldSymbol: TSE:3612Market cap: JP¥123.2bAOKI HoldingsSymbol: TSE:8214Market cap: JP¥145.2b価格と性能株価の高値、安値、推移の概要Aoyama Trading過去の株価現在の株価JP¥743.0052週高値JP¥924.3352週安値JP¥662.00ベータ-0.351ヶ月の変化8.47%3ヶ月変化-6.42%1年変化-1.42%3年間の変化69.38%5年間の変化226.35%IPOからの変化-38.60%最新ニュースMajor Estimate Revision • Jun 26Consensus EPS estimates fall by 14%, revenue upgradedThe consensus outlook for fiscal year 2027 has been updated. 2027 revenue forecast increased from JP¥186.3b to JP¥191.8b. EPS estimate fell from JP¥63.33 to JP¥54.67 per share. Net income forecast to grow 9.9% next year vs 13% growth forecast for Specialty Retail industry in Japan. Consensus price target down from JP¥764 to JP¥660. Share price was steady at JP¥684 over the past week.Price Target Changed • Jun 26Price target decreased by 14% to JP¥660Down from JP¥764, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥684. Stock is down 6.0% over the past year. The company is forecast to post earnings per share of JP¥54.67 for next year compared to JP¥47.95 last year.お知らせ • May 30Aoyama Trading Co., Ltd. to Report Q1, 2027 Results on Aug 10, 2026Aoyama Trading Co., Ltd. announced that they will report Q1, 2027 results on Aug 10, 2026分析記事 • May 19Some May Be Optimistic About Aoyama Trading's (TSE:8219) EarningsAoyama Trading Co., Ltd.'s ( TSE:8219 ) earnings announcement last week didn't impress shareholders. However, our...Board Change • May 18Less than half of directors are independentThere are 5 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. 4 non-independent directors. Independent Director Masaki Nogami was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • May 13Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2026 results: EPS: JP¥144. Revenue: JP¥189.0b (down 3.0% from FY 2025). Net income: JP¥6.92b (down 26% from FY 2025). Profit margin: 3.7% (down from 4.8% in FY 2025). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to stay flat during the next 2 years compared to a 8.2% growth forecast for the Specialty Retail industry in Japan.最新情報をもっと見るRecent updatesMajor Estimate Revision • Jun 26Consensus EPS estimates fall by 14%, revenue upgradedThe consensus outlook for fiscal year 2027 has been updated. 2027 revenue forecast increased from JP¥186.3b to JP¥191.8b. EPS estimate fell from JP¥63.33 to JP¥54.67 per share. Net income forecast to grow 9.9% next year vs 13% growth forecast for Specialty Retail industry in Japan. Consensus price target down from JP¥764 to JP¥660. Share price was steady at JP¥684 over the past week.Price Target Changed • Jun 26Price target decreased by 14% to JP¥660Down from JP¥764, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥684. Stock is down 6.0% over the past year. The company is forecast to post earnings per share of JP¥54.67 for next year compared to JP¥47.95 last year.お知らせ • May 30Aoyama Trading Co., Ltd. to Report Q1, 2027 Results on Aug 10, 2026Aoyama Trading Co., Ltd. announced that they will report Q1, 2027 results on Aug 10, 2026分析記事 • May 19Some May Be Optimistic About Aoyama Trading's (TSE:8219) EarningsAoyama Trading Co., Ltd.'s ( TSE:8219 ) earnings announcement last week didn't impress shareholders. However, our...Board Change • May 18Less than half of directors are independentThere are 5 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. 4 non-independent directors. Independent Director Masaki Nogami was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • May 13Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2026 results: EPS: JP¥144. Revenue: JP¥189.0b (down 3.0% from FY 2025). Net income: JP¥6.92b (down 26% from FY 2025). Profit margin: 3.7% (down from 4.8% in FY 2025). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to stay flat during the next 2 years compared to a 8.2% growth forecast for the Specialty Retail industry in Japan.お知らせ • May 12Aoyama Trading Co., Ltd., Annual General Meeting, Jun 26, 2026Aoyama Trading Co., Ltd., Annual General Meeting, Jun 26, 2026.お知らせ • May 10Aoyama Trading Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026Aoyama Trading Co., Ltd. announced that they will report fiscal year 2026 results on May 12, 2026Upcoming Dividend • Mar 23Upcoming dividend of JP¥81.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is on the higher end at 95%, however this is supported by cash flows. Trailing yield: 5.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.4%).Price Target Changed • Mar 03Price target increased by 9.5% to JP¥2,300Up from JP¥2,100, the current price target is provided by 1 analyst. New target price is 9.6% below last closing price of JP¥2,544. Stock is up 18% over the past year. The company is forecast to post earnings per share of JP¥179 for next year compared to JP¥190 last year.Reported Earnings • Feb 15Third quarter 2026 earnings released: EPS: JP¥26.45 (vs JP¥46.76 in 3Q 2025)Third quarter 2026 results: EPS: JP¥26.45 (down from JP¥46.76 in 3Q 2025). Revenue: JP¥46.8b (down 3.2% from 3Q 2025). Net income: JP¥1.27b (down 45% from 3Q 2025). Profit margin: 2.7% (down from 4.8% in 3Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 7.0% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Dec 03Aoyama Trading Co., Ltd. to Report Q3, 2026 Results on Feb 13, 2026Aoyama Trading Co., Ltd. announced that they will report Q3, 2026 results on Feb 13, 2026Declared Dividend • Nov 27First half dividend of JP¥81.00 announcedShareholders will receive a dividend of JP¥81.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 5.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 6.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 4.8% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 14Second quarter 2026 earnings released: JP¥30.83 loss per share (vs JP¥28.68 loss in 2Q 2025)Second quarter 2026 results: JP¥30.83 loss per share (further deteriorated from JP¥28.68 loss in 2Q 2025). Revenue: JP¥38.3b (down 1.9% from 2Q 2025). Net loss: JP¥1.50b (loss widened 4.7% from 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 21% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Nov 11Aoyama Trading Co., Ltd. (TSE:8219) announces an Equity Buyback for 1,400,000 shares, representing 2.86% for ¥3,000 million.Aoyama Trading Co., Ltd. (TSE:8219) announces a share repurchase program. Under the program, the company will repurchase 1,500,000 shares, representing 2.98% of the outstanding shares for ¥3,000 million. The purpose of the program is to expand shareholder returns and improve capital efficiency. The program will run until March 24, 2026. As of September 30, 2025, there are 48,932,536 outstanding shares (excluding treasury stock) and 1,461,480 treasury shares.Buy Or Sell Opportunity • Oct 01Now 22% undervaluedOver the last 90 days, the stock has risen 5.8% to JP¥2,353. The fair value is estimated to be JP¥3,022, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to decline by 0.5% in 2 years. Earnings are forecast to decline by 5.8% in the next 2 years.Upcoming Dividend • Sep 22Upcoming dividend of JP¥55.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 27 November 2025. Payout ratio is a comfortable 71% and the cash payout ratio is 79%. Trailing yield: 5.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).分析記事 • Sep 03Aoyama Trading (TSE:8219) Will Pay A Dividend Of ¥55.00Aoyama Trading Co., Ltd.'s ( TSE:8219 ) investors are due to receive a payment of ¥55.00 per share on 27th of November...お知らせ • Sep 02Aoyama Trading Co., Ltd. to Report Q2, 2026 Results on Nov 11, 2025Aoyama Trading Co., Ltd. announced that they will report Q2, 2026 results on Nov 11, 2025Buy Or Sell Opportunity • Aug 25Now 20% undervaluedOver the last 90 days, the stock has risen 10% to JP¥2,436. The fair value is estimated to be JP¥3,046, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to decline by 0.5% in 2 years. Earnings are forecast to decline by 5.8% in the next 2 years.分析記事 • Aug 13Aoyama Trading's (TSE:8219) Dividend Will Be ¥55.00Aoyama Trading Co., Ltd. ( TSE:8219 ) has announced that it will pay a dividend of ¥55.00 per share on the 27th of...Reported Earnings • Aug 10First quarter 2026 earnings released: EPS: JP¥13.21 (vs JP¥16.04 in 1Q 2025)First quarter 2026 results: EPS: JP¥13.21 (down from JP¥16.04 in 1Q 2025). Revenue: JP¥43.7b (down 2.9% from 1Q 2025). Net income: JP¥641.0m (down 20% from 1Q 2025). Profit margin: 1.5% (down from 1.8% in 1Q 2025). The decrease in margin was driven by lower revenue. 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 26% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Jul 24Aoyama Trading's (TSE:8219) Dividend Will Be ¥55.00Aoyama Trading Co., Ltd. ( TSE:8219 ) has announced that it will pay a dividend of ¥55.00 per share on the 27th of...分析記事 • Jul 10Aoyama Trading (TSE:8219) Has Announced A Dividend Of ¥55.00The board of Aoyama Trading Co., Ltd. ( TSE:8219 ) has announced that it will pay a dividend of ¥55.00 per share on the...Declared Dividend • Jul 09Final dividend of JP¥55.00 announcedShareholders will receive a dividend of JP¥55.00. Ex-date: 29th September 2025 Payment date: 27th November 2025 Dividend yield will be 7.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (79% cash payout ratio). The dividend has increased by an average of 6.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 6.9% over the next 3 years. However, it would need to fall by 46% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Jul 01Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥190 (down from JP¥202 in FY 2024). Revenue: JP¥194.8b (flat on FY 2024). Net income: JP¥9.40b (down 6.9% from FY 2024). Profit margin: 4.8% (down from 5.2% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. 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 36% per year and the company’s share price has also increased by 36% per year.お知らせ • Jun 27Aoyama Trading Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025Aoyama Trading Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025Reported Earnings • May 15Full year 2025 earnings released: EPS: JP¥190 (vs JP¥202 in FY 2024)Full year 2025 results: EPS: JP¥190 (down from JP¥202 in FY 2024). Revenue: JP¥194.8b (flat on FY 2024). Net income: JP¥9.40b (down 6.9% from FY 2024). Profit margin: 4.8% (down from 5.2% in FY 2024). Revenue is forecast to stay flat during the next 2 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 36% per year whereas the company’s share price has increased by 39% per year.お知らせ • May 13Aoyama Trading Co., Ltd., Annual General Meeting, Jun 26, 2025Aoyama Trading Co., Ltd., Annual General Meeting, Jun 26, 2025.分析記事 • Apr 08With EPS Growth And More, Aoyama Trading (TSE:8219) Makes An Interesting CaseThe excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Upcoming Dividend • Mar 21Upcoming dividend of JP¥97.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 49% and the cash payout ratio is 98%. Trailing yield: 5.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%).お知らせ • Mar 05Aoyama Trading Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025Aoyama Trading Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025Price Target Changed • Feb 21Price target increased by 13% to JP¥1,950Up from JP¥1,720, the current price target is provided by 1 analyst. New target price is 5.7% below last closing price of JP¥2,068. Stock is up 30% over the past year. The company is forecast to post earnings per share of JP¥169 for next year compared to JP¥202 last year.New Risk • Feb 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.3% 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 3.3% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (98% cash payout ratio).Reported Earnings • Feb 16Third quarter 2025 earnings released: EPS: JP¥46.76 (vs JP¥41.82 in 3Q 2024)Third quarter 2025 results: EPS: JP¥46.76 (up from JP¥41.82 in 3Q 2024). Revenue: JP¥48.4b (flat on 3Q 2024). Net income: JP¥2.30b (up 11% from 3Q 2024). Profit margin: 4.8% (up from 4.3% in 3Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 7.0% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Dec 17Consensus EPS estimates increase by 14%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥144 to JP¥164. Revenue forecast steady at JP¥195.0b. Net income forecast to shrink 6.6% next year vs 8.8% growth forecast for Specialty Retail industry in Japan . Consensus price target up from JP¥1,620 to JP¥1,720. Share price rose 4.5% to JP¥2,340 over the past week.お知らせ • Dec 14Aoyama Trading Co., Ltd. to Report Q3, 2025 Results on Feb 14, 2025Aoyama Trading Co., Ltd. announced that they will report Q3, 2025 results on Feb 14, 2025Declared Dividend • Nov 28First half dividend of JP¥97.00 announcedShareholders will receive a dividend of JP¥97.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 5.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but not covered by cash flows (101% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 6.3% over the next 3 years. However, it would need to fall by 63% to increase the payout ratio to a potentially unsustainable range.分析記事 • Nov 27Aoyama Trading's (TSE:8219) Strong Earnings Are Of Good QualityWhen companies post strong earnings, the stock generally performs well, just like Aoyama Trading Co., Ltd.'s ( TSE:8219...Reported Earnings • Nov 16Second quarter 2025 earnings released: JP¥28.68 loss per share (vs JP¥15.38 loss in 2Q 2024)Second quarter 2025 results: JP¥28.68 loss per share (further deteriorated from JP¥15.38 loss in 2Q 2024). Revenue: JP¥39.1b (flat on 2Q 2024). Net loss: JP¥1.43b (loss widened 86% from 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 104% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.分析記事 • Nov 14Aoyama Trading Co., Ltd.'s (TSE:8219) Shares Bounce 44% But Its Business Still Trails The MarketAoyama Trading Co., Ltd. ( TSE:8219 ) shareholders have had their patience rewarded with a 44% share price jump in the...New Risk • Nov 13New 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 7.0% 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 5.0% 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 (7.0% average weekly change).Valuation Update With 7 Day Price Move • Nov 13Investor sentiment improves as stock rises 22%After last week's 22% share price gain to JP¥1,634, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 144% over the past three years.お知らせ • Sep 27Aoyama Trading Co., Ltd. to Report Q2, 2025 Results on Nov 12, 2024Aoyama Trading Co., Ltd. announced that they will report Q2, 2025 results on Nov 12, 2024Major Estimate Revision • Sep 06Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥164 to JP¥144 per share. Revenue forecast steady at JP¥194.8b. Net income forecast to shrink 24% next year vs 13% growth forecast for Specialty Retail industry in Japan . Consensus price target broadly unchanged at JP¥1,620. Share price fell 5.4% to JP¥1,358 over the past week.Reported Earnings • Aug 14First quarter 2025 earnings released: EPS: JP¥16.04 (vs JP¥24.68 in 1Q 2024)First quarter 2025 results: EPS: JP¥16.04 (down from JP¥24.68 in 1Q 2024). Revenue: JP¥45.0b (up 1.5% from 1Q 2024). Net income: JP¥800.0m (down 35% from 1Q 2024). Profit margin: 1.8% (down from 2.8% in 1Q 2024). The decrease in margin was driven by higher expenses. 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 115% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.分析記事 • Aug 06Aoyama Trading Co., Ltd.'s (TSE:8219) Shares Lagging The Market But So Is The BusinessWhen close to half the companies in Japan have price-to-earnings ratios (or "P/E's") above 12x, you may consider Aoyama...New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.4% 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 (5.8% average weekly change).Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to JP¥1,169, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Specialty Retail industry in Japan. Total returns to shareholders of 88% over the past three years.Buy Or Sell Opportunity • Aug 02Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 14% to JP¥1,405. The fair value is estimated to be JP¥1,763, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.9% per annum. Earnings are forecast to decline by 2.4% per annum over the same time period.お知らせ • Jun 26Aoyama Trading Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024Aoyama Trading Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024分析記事 • May 21Shareholders Will Be Pleased With The Quality of Aoyama Trading's (TSE:8219) EarningsThe subdued stock price reaction suggests that Aoyama Trading Co., Ltd.'s ( TSE:8219 ) strong earnings didn't offer any...お知らせ • May 15Aoyama Trading Co., Ltd., Annual General Meeting, Jun 27, 2024Aoyama Trading Co., Ltd., Annual General Meeting, Jun 27, 2024.New Risk • May 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 13% 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 13% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • May 12Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥202 (up from JP¥85.84 in FY 2023). Revenue: JP¥193.7b (up 5.5% from FY 2023). Net income: JP¥10.1b (up 136% from FY 2023). Profit margin: 5.2% (up from 2.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 42%. Revenue is forecast to stay flat during the next 2 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 119% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.分析記事 • Mar 23Aoyama Trading (TSE:8219) Is Increasing Its Dividend To ¥60.00Aoyama Trading Co., Ltd. ( TSE:8219 ) has announced that it will be increasing its dividend from last year's comparable...お知らせ • Mar 22Aoyama Trading Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024Aoyama Trading Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024Upcoming Dividend • Mar 21Upcoming dividend of JP¥60.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%).分析記事 • Mar 18Why Investors Shouldn't Be Surprised By Aoyama Trading Co., Ltd.'s (TSE:8219) Low P/EAoyama Trading Co., Ltd.'s ( TSE:8219 ) price-to-earnings (or "P/E") ratio of 11.1x might make it look like a buy right...Reported Earnings • Feb 10Third quarter 2024 earnings released: EPS: JP¥41.82 (vs JP¥25.40 in 3Q 2023)Third quarter 2024 results: EPS: JP¥41.82 (up from JP¥25.40 in 3Q 2023). Revenue: JP¥48.2b (up 4.0% from 3Q 2023). Net income: JP¥2.09b (up 65% from 3Q 2023). Profit margin: 4.3% (up from 2.7% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth.お知らせ • Dec 01Aoyama Trading Co., Ltd. to Report Q3, 2024 Results on Feb 09, 2024Aoyama Trading Co., Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024Major Estimate Revision • Nov 22Consensus EPS estimates increase by 20%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥98.30 to JP¥118. Revenue forecast steady at JP¥192.7b. Net income forecast to shrink 17% next year vs 14% growth forecast for Specialty Retail industry in Japan . Consensus price target up from JP¥1,200 to JP¥1,270. Share price rose 8.0% to JP¥1,558 over the past week.Reported Earnings • Nov 12Second quarter 2024 earnings released: JP¥15.38 loss per share (vs JP¥49.63 loss in 2Q 2023)Second quarter 2024 results: JP¥15.38 loss per share (improved from JP¥49.63 loss in 2Q 2023). Revenue: JP¥38.7b (up 7.9% from 2Q 2023). Net loss: JP¥767.0m (loss narrowed 69% from 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 11+ 1 more updateAoyama Trading Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024Aoyama Trading Co., Ltd. provided consolidated earnings guidance for the year ending March 31, 2024. For the period ending March 2024, the company expects net sales of JPY 194,500 million, operating profit of JPY 11,400 million and profit attributable to owners of parent of JPY 7,200 million or JPY 144.40 basic per share.New Risk • Oct 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results.お知らせ • Sep 28Aoyama Trading Co., Ltd. to Report Q2, 2024 Results on Nov 10, 2023Aoyama Trading Co., Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023Buying Opportunity • Sep 05Now 22% undervaluedOver the last 90 days, the stock is up 31%. The fair value is estimated to be JP¥2,160, 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. For the next 3 years, revenue is forecast to grow by 0.5% per annum. Earnings is also forecast to grow by 2.4% per annum over the same time period.Major Estimate Revision • Aug 29Consensus EPS estimates increase by 26%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥192.2b to JP¥194.4b. EPS estimate increased from JP¥78.20 to JP¥98.30 per share. Net income forecast to shrink 9.8% next year vs 11% growth forecast for Specialty Retail industry in Japan . Consensus price target up from JP¥1,100 to JP¥1,200. Share price rose 7.2% to JP¥1,587 over the past week.New Risk • Aug 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.7% 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 1.7% 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 (5.9% average weekly change). Large one-off items impacting financial results.Reported Earnings • Aug 12First quarter 2024 earnings released: EPS: JP¥24.68 (vs JP¥0.44 in 1Q 2023)First quarter 2024 results: EPS: JP¥24.68 (up from JP¥0.44 in 1Q 2023). Revenue: JP¥44.3b (up 8.3% from 1Q 2023). Net income: JP¥1.23b (up JP¥1.21b from 1Q 2023). Profit margin: 2.8% (up from 0.1% in 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 6.6% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 12+ 1 more updateAoyama Trading Co., Ltd. Provides Year End Dividend Guidance for the Year Ending March 31, 2024Aoyama Trading Co., Ltd. provided year end dividend guidance for the year ending March 31, 2024. The company expects to pay year end dividend of JPY 42.00 per share for the year ending March 31, 2024 compared to JPY 26.00 per share paid a year ago.お知らせ • Jun 26Aoyama Trading Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023Aoyama Trading Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023Buying Opportunity • May 24Now 20% undervaluedOver the last 90 days, the stock is up 28%. The fair value is estimated to be JP¥1,492, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.6% per annum. Earnings is also forecast to grow by 2.0% per annum over the same time period.Major Estimate Revision • May 23Consensus EPS estimates increase by 18%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥181.3b to JP¥192.2b. EPS estimate increased from JP¥66.20 to JP¥78.20 per share. Net income forecast to shrink 8.8% next year vs 8.3% growth forecast for Specialty Retail industry in Japan . Consensus price target up from JP¥900 to JP¥1,100. Share price rose 2.3% to JP¥1,200 over the past week.Price Target Changed • May 22Price target increased by 28% to JP¥1,100Up from JP¥860, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥1,149. Stock is up 44% over the past year. The company is forecast to post earnings per share of JP¥78.20 for next year compared to JP¥85.84 last year.Reported Earnings • May 17Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥85.84 (up from JP¥27.10 in FY 2022). Revenue: JP¥183.5b (up 11% from FY 2022). Net income: JP¥4.28b (up 217% from FY 2022). Profit margin: 2.3% (up from 0.8% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 58%. Revenue is forecast to stay flat during the next 3 years compared to a 6.3% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥1,118, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 46% over the past three years.お知らせ • May 13+ 2 more updatesAoyama Trading Co., Ltd., Annual General Meeting, Jun 29, 2023Aoyama Trading Co., Ltd., Annual General Meeting, Jun 29, 2023.Upcoming Dividend • Mar 23Upcoming dividend of JP¥21.00 per share at 2.3% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).Buying Opportunity • Mar 10Now 21% undervaluedOver the last 90 days, the stock is up 13%. The fair value is estimated to be JP¥1,291, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.4% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.02% per annum. Earnings is forecast to decline by 3.1% per annum over the same time period.Major Estimate Revision • Feb 20Consensus EPS estimates increase by 18%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from JP¥187.1b to JP¥183.0b. EPS estimate rose from JP¥46.10 to JP¥54.20. Net income forecast to shrink 37% next year vs 5.0% growth forecast for Specialty Retail industry in Japan . Consensus price target up from JP¥860 to JP¥900. Share price rose 8.2% to JP¥951 over the past week.Reported Earnings • Feb 12Third quarter 2023 earnings released: EPS: JP¥25.40 (vs JP¥54.90 in 3Q 2022)Third quarter 2023 results: EPS: JP¥25.40 (down from JP¥54.90 in 3Q 2022). Revenue: JP¥46.4b (up 4.9% from 3Q 2022). Net income: JP¥1.27b (down 54% from 3Q 2022). Profit margin: 2.7% (down from 6.2% in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.お知らせ • Feb 10+ 1 more updateAoyama Trading Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023Aoyama Trading Co., Ltd. provided consolidated earnings guidance for the year ending March 31, 2023. For the year ending March 31, 2023, the company expects net sales of JPY 188,300 million, operating profit of JPY 7,300 million and profit attributable to owners of parent of JPY 3,600 million or JPY 72.23 per basic share.Buying Opportunity • Feb 02Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be JP¥1,142, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.5% per annum. Earnings is forecast to decline by 11% per annum over the same time period.お知らせ • Dec 18Aoyama Trading Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023Aoyama Trading Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023Major Estimate Revision • Nov 23Consensus EPS estimates increase by 21%The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥177.5b to JP¥187.1b. EPS estimate increased from JP¥38.10 to JP¥46.10 per share. Net income forecast to shrink 61% next year vs 5.1% growth forecast for Specialty Retail industry in Japan . Consensus price target up from JP¥740 to JP¥860. Share price was steady at JP¥961 over the past week.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Outside Director Toru Watanabe was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 13Second quarter 2023 earnings released: JP¥49.63 loss per share (vs JP¥97.56 loss in 2Q 2022)Second quarter 2023 results: JP¥49.63 loss per share (improved from JP¥97.56 loss in 2Q 2022). Revenue: JP¥35.9b (up 22% from 2Q 2022). Net loss: JP¥2.47b (loss narrowed 49% from 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 5.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.Major Estimate Revision • Aug 19Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 EPS estimate increased from JP¥30.10 to JP¥38.10. Revenue forecast steady at JP¥177.5b. Net income forecast to shrink 52% next year vs 2.4% growth forecast for Specialty Retail industry in Japan . Consensus price target up from JP¥680 to JP¥740. Share price rose 6.2% to JP¥909 over the past week.Reported Earnings • Aug 11First quarter 2023 earnings released: EPS: JP¥0.44 (vs JP¥54.75 loss in 1Q 2022)First quarter 2023 results: EPS: JP¥0.44 (up from JP¥54.75 loss in 1Q 2022). Revenue: JP¥40.9b (up 8.4% from 1Q 2022). Net income: JP¥22.0m (up JP¥2.75b from 1Q 2022). Profit margin: 0.1% (up from net loss in 1Q 2022). Over the next year, revenue is forecast to grow 4.0%, compared to a 7.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings.Price Target Changed • May 25Price target increased to JP¥680Up from JP¥630, the current price target is provided by 1 analyst. New target price is 17% below last closing price of JP¥823. Stock is down 3.2% over the past year. The company is forecast to post earnings per share of JP¥30.10 for next year compared to JP¥27.10 last year.株主還元8219JP Specialty RetailJP 市場7D2.5%-0.5%3.4%1Y-1.4%36.3%37.8%株主還元を見る業界別リターン: 8219過去 1 年間で36.3 % の収益を上げたJP Specialty Retail業界を下回りました。リターン対市場: 8219は、過去 1 年間で37.8 % のリターンを上げたJP市場を下回りました。価格変動Is 8219's price volatile compared to industry and market?8219 volatility8219 Average Weekly Movement3.8%Specialty Retail Industry Average Movement4.0%Market Average Movement4.3%10% most volatile stocks in JP Market9.3%10% least volatile stocks in JP Market2.1%安定した株価: 8219 、 JP市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 8219の 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19646,666Taizo Endowww.aoyama-syouji.co.jp日本でビジネスウェア、クレジットカード、印刷・メディア、雑貨販売、リペアサービス、フランチャイジー、不動産などの事業を展開する青山商事。スーツ、シューズ、カジュアル衣料などのメンズアイテム、就活用レディススーツ、フォーマルウェアなどを展開。また、クレジットカードの発行・管理、ファイナンスの運営、チラシやDMの配布などの販売促進サービスも行っている。また、「ミスターミニット」ブランドによる靴の修理や鍵の複製サービス、雑貨の販売、店舗・飲食店・フィットネスジムの運営も行っている。さらに、ウェブメディア事業も展開している。青山商事株式会社は1964年に設立され、福山市に本社を置く。もっと見るAoyama Trading Co., Ltd. 基礎のまとめAoyama Trading の収益と売上を時価総額と比較するとどうか。8219 基礎統計学時価総額JP¥104.62b収益（TTM）JP¥6.92b売上高(TTM)JP¥189.01b15.2xPER（株価収益率0.6xP/Sレシオ8219 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計8219 損益計算書（TTM）収益JP¥189.01b売上原価JP¥90.84b売上総利益JP¥98.17bその他の費用JP¥91.26b収益JP¥6.92b直近の収益報告Mar 31, 2026次回決算日Aug 10, 2026一株当たり利益（EPS）48.74グロス・マージン51.94%純利益率3.66%有利子負債／自己資本比率39.9%8219 の長期的なパフォーマンスは？過去の実績と比較を見る配当金5.1%現在の配当利回り284%配当性向8219 配当は確実ですか？8219 配当履歴とベンチマークを見る8219 、いつまでに購入すれば配当金を受け取れますか？Aoyama Trading 配当日配当落ち日Sep 29 2026配当支払日Nov 26 2026配当落ちまでの日数63 days配当支払日までの日数121 days8219 配当は確実ですか？8219 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/28 09:47終値2026/07/28 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク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Aoyama Trading Co., Ltd. 1 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。6 アナリスト機関Chiaki HirotaCitigroup IncJames MoonHaitong International Research LimitedChiaki HirotaJ.P. Morgan3 その他のアナリストを表示
Major Estimate Revision • Jun 26Consensus EPS estimates fall by 14%, revenue upgradedThe consensus outlook for fiscal year 2027 has been updated. 2027 revenue forecast increased from JP¥186.3b to JP¥191.8b. EPS estimate fell from JP¥63.33 to JP¥54.67 per share. Net income forecast to grow 9.9% next year vs 13% growth forecast for Specialty Retail industry in Japan. Consensus price target down from JP¥764 to JP¥660. Share price was steady at JP¥684 over the past week.
Price Target Changed • Jun 26Price target decreased by 14% to JP¥660Down from JP¥764, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥684. Stock is down 6.0% over the past year. The company is forecast to post earnings per share of JP¥54.67 for next year compared to JP¥47.95 last year.
お知らせ • May 30Aoyama Trading Co., Ltd. to Report Q1, 2027 Results on Aug 10, 2026Aoyama Trading Co., Ltd. announced that they will report Q1, 2027 results on Aug 10, 2026
分析記事 • May 19Some May Be Optimistic About Aoyama Trading's (TSE:8219) EarningsAoyama Trading Co., Ltd.'s ( TSE:8219 ) earnings announcement last week didn't impress shareholders. However, our...
Board Change • May 18Less than half of directors are independentThere are 5 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. 4 non-independent directors. Independent Director Masaki Nogami was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • May 13Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2026 results: EPS: JP¥144. Revenue: JP¥189.0b (down 3.0% from FY 2025). Net income: JP¥6.92b (down 26% from FY 2025). Profit margin: 3.7% (down from 4.8% in FY 2025). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to stay flat during the next 2 years compared to a 8.2% growth forecast for the Specialty Retail industry in Japan.
Major Estimate Revision • Jun 26Consensus EPS estimates fall by 14%, revenue upgradedThe consensus outlook for fiscal year 2027 has been updated. 2027 revenue forecast increased from JP¥186.3b to JP¥191.8b. EPS estimate fell from JP¥63.33 to JP¥54.67 per share. Net income forecast to grow 9.9% next year vs 13% growth forecast for Specialty Retail industry in Japan. Consensus price target down from JP¥764 to JP¥660. Share price was steady at JP¥684 over the past week.
Price Target Changed • Jun 26Price target decreased by 14% to JP¥660Down from JP¥764, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥684. Stock is down 6.0% over the past year. The company is forecast to post earnings per share of JP¥54.67 for next year compared to JP¥47.95 last year.
お知らせ • May 30Aoyama Trading Co., Ltd. to Report Q1, 2027 Results on Aug 10, 2026Aoyama Trading Co., Ltd. announced that they will report Q1, 2027 results on Aug 10, 2026
分析記事 • May 19Some May Be Optimistic About Aoyama Trading's (TSE:8219) EarningsAoyama Trading Co., Ltd.'s ( TSE:8219 ) earnings announcement last week didn't impress shareholders. However, our...
Board Change • May 18Less than half of directors are independentThere are 5 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. 4 non-independent directors. Independent Director Masaki Nogami was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • May 13Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2026 results: EPS: JP¥144. Revenue: JP¥189.0b (down 3.0% from FY 2025). Net income: JP¥6.92b (down 26% from FY 2025). Profit margin: 3.7% (down from 4.8% in FY 2025). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to stay flat during the next 2 years compared to a 8.2% growth forecast for the Specialty Retail industry in Japan.
お知らせ • May 12Aoyama Trading Co., Ltd., Annual General Meeting, Jun 26, 2026Aoyama Trading Co., Ltd., Annual General Meeting, Jun 26, 2026.
お知らせ • May 10Aoyama Trading Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026Aoyama Trading Co., Ltd. announced that they will report fiscal year 2026 results on May 12, 2026
Upcoming Dividend • Mar 23Upcoming dividend of JP¥81.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is on the higher end at 95%, however this is supported by cash flows. Trailing yield: 5.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.4%).
Price Target Changed • Mar 03Price target increased by 9.5% to JP¥2,300Up from JP¥2,100, the current price target is provided by 1 analyst. New target price is 9.6% below last closing price of JP¥2,544. Stock is up 18% over the past year. The company is forecast to post earnings per share of JP¥179 for next year compared to JP¥190 last year.
Reported Earnings • Feb 15Third quarter 2026 earnings released: EPS: JP¥26.45 (vs JP¥46.76 in 3Q 2025)Third quarter 2026 results: EPS: JP¥26.45 (down from JP¥46.76 in 3Q 2025). Revenue: JP¥46.8b (down 3.2% from 3Q 2025). Net income: JP¥1.27b (down 45% from 3Q 2025). Profit margin: 2.7% (down from 4.8% in 3Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 7.0% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Dec 03Aoyama Trading Co., Ltd. to Report Q3, 2026 Results on Feb 13, 2026Aoyama Trading Co., Ltd. announced that they will report Q3, 2026 results on Feb 13, 2026
Declared Dividend • Nov 27First half dividend of JP¥81.00 announcedShareholders will receive a dividend of JP¥81.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 5.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 6.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 4.8% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 14Second quarter 2026 earnings released: JP¥30.83 loss per share (vs JP¥28.68 loss in 2Q 2025)Second quarter 2026 results: JP¥30.83 loss per share (further deteriorated from JP¥28.68 loss in 2Q 2025). Revenue: JP¥38.3b (down 1.9% from 2Q 2025). Net loss: JP¥1.50b (loss widened 4.7% from 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 21% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Nov 11Aoyama Trading Co., Ltd. (TSE:8219) announces an Equity Buyback for 1,400,000 shares, representing 2.86% for ¥3,000 million.Aoyama Trading Co., Ltd. (TSE:8219) announces a share repurchase program. Under the program, the company will repurchase 1,500,000 shares, representing 2.98% of the outstanding shares for ¥3,000 million. The purpose of the program is to expand shareholder returns and improve capital efficiency. The program will run until March 24, 2026. As of September 30, 2025, there are 48,932,536 outstanding shares (excluding treasury stock) and 1,461,480 treasury shares.
Buy Or Sell Opportunity • Oct 01Now 22% undervaluedOver the last 90 days, the stock has risen 5.8% to JP¥2,353. The fair value is estimated to be JP¥3,022, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to decline by 0.5% in 2 years. Earnings are forecast to decline by 5.8% in the next 2 years.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥55.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 27 November 2025. Payout ratio is a comfortable 71% and the cash payout ratio is 79%. Trailing yield: 5.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).
分析記事 • Sep 03Aoyama Trading (TSE:8219) Will Pay A Dividend Of ¥55.00Aoyama Trading Co., Ltd.'s ( TSE:8219 ) investors are due to receive a payment of ¥55.00 per share on 27th of November...
お知らせ • Sep 02Aoyama Trading Co., Ltd. to Report Q2, 2026 Results on Nov 11, 2025Aoyama Trading Co., Ltd. announced that they will report Q2, 2026 results on Nov 11, 2025
Buy Or Sell Opportunity • Aug 25Now 20% undervaluedOver the last 90 days, the stock has risen 10% to JP¥2,436. The fair value is estimated to be JP¥3,046, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to decline by 0.5% in 2 years. Earnings are forecast to decline by 5.8% in the next 2 years.
分析記事 • Aug 13Aoyama Trading's (TSE:8219) Dividend Will Be ¥55.00Aoyama Trading Co., Ltd. ( TSE:8219 ) has announced that it will pay a dividend of ¥55.00 per share on the 27th of...
Reported Earnings • Aug 10First quarter 2026 earnings released: EPS: JP¥13.21 (vs JP¥16.04 in 1Q 2025)First quarter 2026 results: EPS: JP¥13.21 (down from JP¥16.04 in 1Q 2025). Revenue: JP¥43.7b (down 2.9% from 1Q 2025). Net income: JP¥641.0m (down 20% from 1Q 2025). Profit margin: 1.5% (down from 1.8% in 1Q 2025). The decrease in margin was driven by lower revenue. 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 26% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Jul 24Aoyama Trading's (TSE:8219) Dividend Will Be ¥55.00Aoyama Trading Co., Ltd. ( TSE:8219 ) has announced that it will pay a dividend of ¥55.00 per share on the 27th of...
分析記事 • Jul 10Aoyama Trading (TSE:8219) Has Announced A Dividend Of ¥55.00The board of Aoyama Trading Co., Ltd. ( TSE:8219 ) has announced that it will pay a dividend of ¥55.00 per share on the...
Declared Dividend • Jul 09Final dividend of JP¥55.00 announcedShareholders will receive a dividend of JP¥55.00. Ex-date: 29th September 2025 Payment date: 27th November 2025 Dividend yield will be 7.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (79% cash payout ratio). The dividend has increased by an average of 6.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 6.9% over the next 3 years. However, it would need to fall by 46% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Jul 01Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥190 (down from JP¥202 in FY 2024). Revenue: JP¥194.8b (flat on FY 2024). Net income: JP¥9.40b (down 6.9% from FY 2024). Profit margin: 4.8% (down from 5.2% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. 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 36% per year and the company’s share price has also increased by 36% per year.
お知らせ • Jun 27Aoyama Trading Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025Aoyama Trading Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025
Reported Earnings • May 15Full year 2025 earnings released: EPS: JP¥190 (vs JP¥202 in FY 2024)Full year 2025 results: EPS: JP¥190 (down from JP¥202 in FY 2024). Revenue: JP¥194.8b (flat on FY 2024). Net income: JP¥9.40b (down 6.9% from FY 2024). Profit margin: 4.8% (down from 5.2% in FY 2024). Revenue is forecast to stay flat during the next 2 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 36% per year whereas the company’s share price has increased by 39% per year.
お知らせ • May 13Aoyama Trading Co., Ltd., Annual General Meeting, Jun 26, 2025Aoyama Trading Co., Ltd., Annual General Meeting, Jun 26, 2025.
分析記事 • Apr 08With EPS Growth And More, Aoyama Trading (TSE:8219) Makes An Interesting CaseThe excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Upcoming Dividend • Mar 21Upcoming dividend of JP¥97.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 49% and the cash payout ratio is 98%. Trailing yield: 5.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%).
お知らせ • Mar 05Aoyama Trading Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025Aoyama Trading Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025
Price Target Changed • Feb 21Price target increased by 13% to JP¥1,950Up from JP¥1,720, the current price target is provided by 1 analyst. New target price is 5.7% below last closing price of JP¥2,068. Stock is up 30% over the past year. The company is forecast to post earnings per share of JP¥169 for next year compared to JP¥202 last year.
New Risk • Feb 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.3% 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 3.3% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (98% cash payout ratio).
Reported Earnings • Feb 16Third quarter 2025 earnings released: EPS: JP¥46.76 (vs JP¥41.82 in 3Q 2024)Third quarter 2025 results: EPS: JP¥46.76 (up from JP¥41.82 in 3Q 2024). Revenue: JP¥48.4b (flat on 3Q 2024). Net income: JP¥2.30b (up 11% from 3Q 2024). Profit margin: 4.8% (up from 4.3% in 3Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 7.0% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Dec 17Consensus EPS estimates increase by 14%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥144 to JP¥164. Revenue forecast steady at JP¥195.0b. Net income forecast to shrink 6.6% next year vs 8.8% growth forecast for Specialty Retail industry in Japan . Consensus price target up from JP¥1,620 to JP¥1,720. Share price rose 4.5% to JP¥2,340 over the past week.
お知らせ • Dec 14Aoyama Trading Co., Ltd. to Report Q3, 2025 Results on Feb 14, 2025Aoyama Trading Co., Ltd. announced that they will report Q3, 2025 results on Feb 14, 2025
Declared Dividend • Nov 28First half dividend of JP¥97.00 announcedShareholders will receive a dividend of JP¥97.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 5.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but not covered by cash flows (101% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 6.3% over the next 3 years. However, it would need to fall by 63% to increase the payout ratio to a potentially unsustainable range.
分析記事 • Nov 27Aoyama Trading's (TSE:8219) Strong Earnings Are Of Good QualityWhen companies post strong earnings, the stock generally performs well, just like Aoyama Trading Co., Ltd.'s ( TSE:8219...
Reported Earnings • Nov 16Second quarter 2025 earnings released: JP¥28.68 loss per share (vs JP¥15.38 loss in 2Q 2024)Second quarter 2025 results: JP¥28.68 loss per share (further deteriorated from JP¥15.38 loss in 2Q 2024). Revenue: JP¥39.1b (flat on 2Q 2024). Net loss: JP¥1.43b (loss widened 86% from 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 104% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.
分析記事 • Nov 14Aoyama Trading Co., Ltd.'s (TSE:8219) Shares Bounce 44% But Its Business Still Trails The MarketAoyama Trading Co., Ltd. ( TSE:8219 ) shareholders have had their patience rewarded with a 44% share price jump in the...
New Risk • Nov 13New 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 7.0% 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 5.0% 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 (7.0% average weekly change).
Valuation Update With 7 Day Price Move • Nov 13Investor sentiment improves as stock rises 22%After last week's 22% share price gain to JP¥1,634, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 144% over the past three years.
お知らせ • Sep 27Aoyama Trading Co., Ltd. to Report Q2, 2025 Results on Nov 12, 2024Aoyama Trading Co., Ltd. announced that they will report Q2, 2025 results on Nov 12, 2024
Major Estimate Revision • Sep 06Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥164 to JP¥144 per share. Revenue forecast steady at JP¥194.8b. Net income forecast to shrink 24% next year vs 13% growth forecast for Specialty Retail industry in Japan . Consensus price target broadly unchanged at JP¥1,620. Share price fell 5.4% to JP¥1,358 over the past week.
Reported Earnings • Aug 14First quarter 2025 earnings released: EPS: JP¥16.04 (vs JP¥24.68 in 1Q 2024)First quarter 2025 results: EPS: JP¥16.04 (down from JP¥24.68 in 1Q 2024). Revenue: JP¥45.0b (up 1.5% from 1Q 2024). Net income: JP¥800.0m (down 35% from 1Q 2024). Profit margin: 1.8% (down from 2.8% in 1Q 2024). The decrease in margin was driven by higher expenses. 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 115% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.
分析記事 • Aug 06Aoyama Trading Co., Ltd.'s (TSE:8219) Shares Lagging The Market But So Is The BusinessWhen close to half the companies in Japan have price-to-earnings ratios (or "P/E's") above 12x, you may consider Aoyama...
New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.4% 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 (5.8% average weekly change).
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to JP¥1,169, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Specialty Retail industry in Japan. Total returns to shareholders of 88% over the past three years.
Buy Or Sell Opportunity • Aug 02Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 14% to JP¥1,405. The fair value is estimated to be JP¥1,763, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.9% per annum. Earnings are forecast to decline by 2.4% per annum over the same time period.
お知らせ • Jun 26Aoyama Trading Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024Aoyama Trading Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024
分析記事 • May 21Shareholders Will Be Pleased With The Quality of Aoyama Trading's (TSE:8219) EarningsThe subdued stock price reaction suggests that Aoyama Trading Co., Ltd.'s ( TSE:8219 ) strong earnings didn't offer any...
お知らせ • May 15Aoyama Trading Co., Ltd., Annual General Meeting, Jun 27, 2024Aoyama Trading Co., Ltd., Annual General Meeting, Jun 27, 2024.
New Risk • May 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 13% 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 13% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • May 12Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥202 (up from JP¥85.84 in FY 2023). Revenue: JP¥193.7b (up 5.5% from FY 2023). Net income: JP¥10.1b (up 136% from FY 2023). Profit margin: 5.2% (up from 2.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 42%. Revenue is forecast to stay flat during the next 2 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 119% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
分析記事 • Mar 23Aoyama Trading (TSE:8219) Is Increasing Its Dividend To ¥60.00Aoyama Trading Co., Ltd. ( TSE:8219 ) has announced that it will be increasing its dividend from last year's comparable...
お知らせ • Mar 22Aoyama Trading Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024Aoyama Trading Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024
Upcoming Dividend • Mar 21Upcoming dividend of JP¥60.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%).
分析記事 • Mar 18Why Investors Shouldn't Be Surprised By Aoyama Trading Co., Ltd.'s (TSE:8219) Low P/EAoyama Trading Co., Ltd.'s ( TSE:8219 ) price-to-earnings (or "P/E") ratio of 11.1x might make it look like a buy right...
Reported Earnings • Feb 10Third quarter 2024 earnings released: EPS: JP¥41.82 (vs JP¥25.40 in 3Q 2023)Third quarter 2024 results: EPS: JP¥41.82 (up from JP¥25.40 in 3Q 2023). Revenue: JP¥48.2b (up 4.0% from 3Q 2023). Net income: JP¥2.09b (up 65% from 3Q 2023). Profit margin: 4.3% (up from 2.7% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth.
お知らせ • Dec 01Aoyama Trading Co., Ltd. to Report Q3, 2024 Results on Feb 09, 2024Aoyama Trading Co., Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024
Major Estimate Revision • Nov 22Consensus EPS estimates increase by 20%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥98.30 to JP¥118. Revenue forecast steady at JP¥192.7b. Net income forecast to shrink 17% next year vs 14% growth forecast for Specialty Retail industry in Japan . Consensus price target up from JP¥1,200 to JP¥1,270. Share price rose 8.0% to JP¥1,558 over the past week.
Reported Earnings • Nov 12Second quarter 2024 earnings released: JP¥15.38 loss per share (vs JP¥49.63 loss in 2Q 2023)Second quarter 2024 results: JP¥15.38 loss per share (improved from JP¥49.63 loss in 2Q 2023). Revenue: JP¥38.7b (up 7.9% from 2Q 2023). Net loss: JP¥767.0m (loss narrowed 69% from 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 11+ 1 more updateAoyama Trading Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024Aoyama Trading Co., Ltd. provided consolidated earnings guidance for the year ending March 31, 2024. For the period ending March 2024, the company expects net sales of JPY 194,500 million, operating profit of JPY 11,400 million and profit attributable to owners of parent of JPY 7,200 million or JPY 144.40 basic per share.
New Risk • Oct 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results.
お知らせ • Sep 28Aoyama Trading Co., Ltd. to Report Q2, 2024 Results on Nov 10, 2023Aoyama Trading Co., Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023
Buying Opportunity • Sep 05Now 22% undervaluedOver the last 90 days, the stock is up 31%. The fair value is estimated to be JP¥2,160, 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. For the next 3 years, revenue is forecast to grow by 0.5% per annum. Earnings is also forecast to grow by 2.4% per annum over the same time period.
Major Estimate Revision • Aug 29Consensus EPS estimates increase by 26%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥192.2b to JP¥194.4b. EPS estimate increased from JP¥78.20 to JP¥98.30 per share. Net income forecast to shrink 9.8% next year vs 11% growth forecast for Specialty Retail industry in Japan . Consensus price target up from JP¥1,100 to JP¥1,200. Share price rose 7.2% to JP¥1,587 over the past week.
New Risk • Aug 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.7% 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 1.7% 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 (5.9% average weekly change). Large one-off items impacting financial results.
Reported Earnings • Aug 12First quarter 2024 earnings released: EPS: JP¥24.68 (vs JP¥0.44 in 1Q 2023)First quarter 2024 results: EPS: JP¥24.68 (up from JP¥0.44 in 1Q 2023). Revenue: JP¥44.3b (up 8.3% from 1Q 2023). Net income: JP¥1.23b (up JP¥1.21b from 1Q 2023). Profit margin: 2.8% (up from 0.1% in 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 6.6% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 12+ 1 more updateAoyama Trading Co., Ltd. Provides Year End Dividend Guidance for the Year Ending March 31, 2024Aoyama Trading Co., Ltd. provided year end dividend guidance for the year ending March 31, 2024. The company expects to pay year end dividend of JPY 42.00 per share for the year ending March 31, 2024 compared to JPY 26.00 per share paid a year ago.
お知らせ • Jun 26Aoyama Trading Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023Aoyama Trading Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023
Buying Opportunity • May 24Now 20% undervaluedOver the last 90 days, the stock is up 28%. The fair value is estimated to be JP¥1,492, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.6% per annum. Earnings is also forecast to grow by 2.0% per annum over the same time period.
Major Estimate Revision • May 23Consensus EPS estimates increase by 18%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥181.3b to JP¥192.2b. EPS estimate increased from JP¥66.20 to JP¥78.20 per share. Net income forecast to shrink 8.8% next year vs 8.3% growth forecast for Specialty Retail industry in Japan . Consensus price target up from JP¥900 to JP¥1,100. Share price rose 2.3% to JP¥1,200 over the past week.
Price Target Changed • May 22Price target increased by 28% to JP¥1,100Up from JP¥860, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥1,149. Stock is up 44% over the past year. The company is forecast to post earnings per share of JP¥78.20 for next year compared to JP¥85.84 last year.
Reported Earnings • May 17Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥85.84 (up from JP¥27.10 in FY 2022). Revenue: JP¥183.5b (up 11% from FY 2022). Net income: JP¥4.28b (up 217% from FY 2022). Profit margin: 2.3% (up from 0.8% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 58%. Revenue is forecast to stay flat during the next 3 years compared to a 6.3% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥1,118, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 46% over the past three years.
お知らせ • May 13+ 2 more updatesAoyama Trading Co., Ltd., Annual General Meeting, Jun 29, 2023Aoyama Trading Co., Ltd., Annual General Meeting, Jun 29, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥21.00 per share at 2.3% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).
Buying Opportunity • Mar 10Now 21% undervaluedOver the last 90 days, the stock is up 13%. The fair value is estimated to be JP¥1,291, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.4% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.02% per annum. Earnings is forecast to decline by 3.1% per annum over the same time period.
Major Estimate Revision • Feb 20Consensus EPS estimates increase by 18%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from JP¥187.1b to JP¥183.0b. EPS estimate rose from JP¥46.10 to JP¥54.20. Net income forecast to shrink 37% next year vs 5.0% growth forecast for Specialty Retail industry in Japan . Consensus price target up from JP¥860 to JP¥900. Share price rose 8.2% to JP¥951 over the past week.
Reported Earnings • Feb 12Third quarter 2023 earnings released: EPS: JP¥25.40 (vs JP¥54.90 in 3Q 2022)Third quarter 2023 results: EPS: JP¥25.40 (down from JP¥54.90 in 3Q 2022). Revenue: JP¥46.4b (up 4.9% from 3Q 2022). Net income: JP¥1.27b (down 54% from 3Q 2022). Profit margin: 2.7% (down from 6.2% in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
お知らせ • Feb 10+ 1 more updateAoyama Trading Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023Aoyama Trading Co., Ltd. provided consolidated earnings guidance for the year ending March 31, 2023. For the year ending March 31, 2023, the company expects net sales of JPY 188,300 million, operating profit of JPY 7,300 million and profit attributable to owners of parent of JPY 3,600 million or JPY 72.23 per basic share.
Buying Opportunity • Feb 02Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be JP¥1,142, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.5% per annum. Earnings is forecast to decline by 11% per annum over the same time period.
お知らせ • Dec 18Aoyama Trading Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023Aoyama Trading Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023
Major Estimate Revision • Nov 23Consensus EPS estimates increase by 21%The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥177.5b to JP¥187.1b. EPS estimate increased from JP¥38.10 to JP¥46.10 per share. Net income forecast to shrink 61% next year vs 5.1% growth forecast for Specialty Retail industry in Japan . Consensus price target up from JP¥740 to JP¥860. Share price was steady at JP¥961 over the past week.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Outside Director Toru Watanabe was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 13Second quarter 2023 earnings released: JP¥49.63 loss per share (vs JP¥97.56 loss in 2Q 2022)Second quarter 2023 results: JP¥49.63 loss per share (improved from JP¥97.56 loss in 2Q 2022). Revenue: JP¥35.9b (up 22% from 2Q 2022). Net loss: JP¥2.47b (loss narrowed 49% from 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 5.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Aug 19Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 EPS estimate increased from JP¥30.10 to JP¥38.10. Revenue forecast steady at JP¥177.5b. Net income forecast to shrink 52% next year vs 2.4% growth forecast for Specialty Retail industry in Japan . Consensus price target up from JP¥680 to JP¥740. Share price rose 6.2% to JP¥909 over the past week.
Reported Earnings • Aug 11First quarter 2023 earnings released: EPS: JP¥0.44 (vs JP¥54.75 loss in 1Q 2022)First quarter 2023 results: EPS: JP¥0.44 (up from JP¥54.75 loss in 1Q 2022). Revenue: JP¥40.9b (up 8.4% from 1Q 2022). Net income: JP¥22.0m (up JP¥2.75b from 1Q 2022). Profit margin: 0.1% (up from net loss in 1Q 2022). Over the next year, revenue is forecast to grow 4.0%, compared to a 7.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings.
Price Target Changed • May 25Price target increased to JP¥680Up from JP¥630, the current price target is provided by 1 analyst. New target price is 17% below last closing price of JP¥823. Stock is down 3.2% over the past year. The company is forecast to post earnings per share of JP¥30.10 for next year compared to JP¥27.10 last year.
