お知らせ • May 27
Nakayo, Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending June 30, 2025 Nakayo, Inc. revised its Consolidated Earnings guidance for the Fiscal Year Ending June 30, 2025. For the year company expects net sales of JPY 68,000 million compared to JPY 68,000 million a year ago; Operating profit of JPY 10,500 million compared to JPY 10,500 million a ear ago; Profit attributable to owners of parent of JPY 21,305 million compared to JPY 17,805 million; Earnings per share of JPY 407.60 compared to JPY 340.05. Reasons for the revision of the earnings forecast As announced on April 3,2025,"Notice Regarding Results of Tender Offer for Shares of NAKAYO, Inc.(code: 6715) and Change in Status to Specified Subsidiary ", NAKAYO became consolidated subsidiary, and specified subsidiary on April 9, 2025. Furthermore, the resolution items (Proposal No.1: Consolidation of Stock and Proposal No.2: Partial Amendment of the Articles of Incorporation) have been approved at the extraordinary shareholders' meeting of NAKAYO held on today. NAKAYO become a wholly owned subsidiary of the company on June 17, 2025. As a result of the occurrence of negative goodwill as the difference between the acquisition price of the company's shares through the tender offer and the net assets of NAKAYO as of the deemed acquisition date. The gain on negative goodwill will be recorded as extraordinary income in the fourth quarter of the current fiscal year. Reported Earnings • May 10
Full year 2025 earnings released: EPS: JP¥3.13 (vs JP¥284 loss in FY 2024) Full year 2025 results: EPS: JP¥3.13 (up from JP¥284 loss in FY 2024). Revenue: JP¥17.5b (up 1.3% from FY 2024). Net income: JP¥14.0m (up JP¥1.28b from FY 2024). Profit margin: 0.1% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. お知らせ • May 09
Nakayo, Inc., Annual General Meeting, Jun 26, 2025 Nakayo, Inc., Annual General Meeting, Jun 26, 2025. お知らせ • Apr 04
Ai Holdings Corporation (TSE:3076) completed the acquisition of additional 77.4% stake in Nakayo, Inc. (TSE:6715) from Ic Co., Ltd. (TSE:4769) and others for ¥8.8 billion. Ai Holdings Corporation (TSE:3076) proposed to acquire additional 92.07% stake in Nakayo, Inc. (TSE:6715) from Ic Co., Ltd. (TSE:4769) and others for ¥11.4 billion on February 17, 2025. A cash consideration valued at ¥2550 per share will be paid by Ai Holdings Corporation. Nakayo, Inc. announce that at the board of directors meeting resolved to express an opinion in support of the tender offer for our common shares by Ai Holdings Corporation (hereinafter referred to as the "Tender Offeror") and to recommend that our shareholders tender their shares in the tender offer. The resolution of the board of directors was made on the assumption that the Tender Offeror intends to make our company a wholly owned subsidiary through the Tender Offer and a series of subsequent procedures, and that our shares are scheduled to be delisted. The date of announcement of commencement of tender offer will be on February 17, 2025. The Offer period will close on April 2, 2025. The minimum number of shares to be purchased is 2,610,700 shares and the maximum number of shares to be purchased will be 4,103,686. The Settlement start date is April 9, 2025.
Daiwa Securities Co., Ltd. acted as as a financial advisor and Nagoya & Yamamoto Law Firm as a legal advisor for Ai Holdings Corporation (TSE:3076). Deloitte Tohmatsu Financial Advisory LLC as a financial advisor and Kitahama Partners as a legal advisor for Nakayo, Inc.
Ai Holdings Corporation (TSE:3076) completed the acquisition of additional 77.4% stake in Nakayo, Inc. (TSE:6715) from Ic Co., Ltd. (TSE:4769) and others for ¥8.8 billion on April 2, 2025. お知らせ • Mar 19
Nakayo, Inc. to Report Fiscal Year 2025 Results on May 09, 2025 Nakayo, Inc. announced that they will report fiscal year 2025 results on May 09, 2025 お知らせ • Feb 27
Ai Holdings Corporation (TSE:3076) proposed to acquire Nakayo, Inc. (TSE:6715) from Ic Co., Ltd. (TSE:4769) and others for ¥11.4 billion. Ai Holdings Corporation (TSE:3076) proposed to acquire 92.06% stake in Nakayo, Inc. (TSE:6715) from Ic Co., Ltd. (TSE:4769) and others for ¥11.4 billion on February 17, 2025. A cash consideration valued at ¥2550 per share will be paid by Ai Holdings Corporation. Nakayo, Inc. announce that at the board of directors meeting resolved to express an opinion in support of the tender offer for our common shares by Ai Holdings Corporation (hereinafter referred to as the "Tender Offeror") and to recommend that our shareholders tender their shares in the tender offer. The resolution of the board of directors was made on the assumption that the Tender Offeror intends to make our company a wholly owned subsidiary through the Tender Offer and a series of subsequent procedures, and that our shares are scheduled to be delisted. The date of announcement of commencement of tender offer will be on February 17, 2025. The Offer period will close on April 2, 2025. The minimum number of shares to be purchased is 2,610,700 shares and the maximum number of shares to be purchased will be 4,103,686. The Settlement start date is April 9, 2025.
Daiwa Securities Co., Ltd. acted as as a financial advisor and Nagoya & Yamamoto Law Firm as a legal advisor for Ai Holdings Corporation (TSE:3076). Deloitte Tohmatsu Financial Advisory LLC as a financial advisor and Kitahama Partners as a legal advisor for Nakayo, Inc. Board Change • Feb 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Hideaki Kato was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • Feb 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.8% average weekly change). 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 63% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥6.11b market cap, or US$40.3m). Reported Earnings • Feb 06
Third quarter 2025 earnings released: EPS: JP¥61.38 (vs JP¥83.26 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥61.38 (up from JP¥83.26 loss in 3Q 2024). Revenue: JP¥4.63b (up 14% from 3Q 2024). Net income: JP¥275.0m (up JP¥647.0m from 3Q 2024). Profit margin: 5.9% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. お知らせ • Jan 03
Nakayo, Inc. to Report Q3, 2025 Results on Feb 04, 2025 Nakayo, Inc. announced that they will report Q3, 2025 results on Feb 04, 2025 Reported Earnings • Nov 09
Second quarter 2025 earnings released: JP¥28.37 loss per share (vs JP¥37.39 loss in 2Q 2024) Second quarter 2025 results: JP¥28.37 loss per share (improved from JP¥37.39 loss in 2Q 2024). Revenue: JP¥4.21b (flat on 2Q 2024). Net loss: JP¥127.0m (loss narrowed 24% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. お知らせ • Sep 20
Nakayo, Inc. to Report Q2, 2025 Results on Nov 07, 2024 Nakayo, Inc. announced that they will report Q2, 2025 results on Nov 07, 2024 Reported Earnings • Aug 10
First quarter 2025 earnings released: JP¥27.98 loss per share (vs JP¥25.58 loss in 1Q 2024) First quarter 2025 results: JP¥27.98 loss per share (further deteriorated from JP¥25.58 loss in 1Q 2024). Revenue: JP¥3.59b (down 10.0% from 1Q 2024). Net loss: JP¥125.0m (loss widened 9.6% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. お知らせ • Jun 22
Nakayo, Inc. to Report Q1, 2025 Results on Aug 08, 2024 Nakayo, Inc. announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 13
Full year 2024 earnings released: JP¥284 loss per share (vs JP¥159 loss in FY 2023) Full year 2024 results: JP¥284 loss per share (further deteriorated from JP¥159 loss in FY 2023). Revenue: JP¥17.2b (flat on FY 2023). Net loss: JP¥1.27b (loss widened 79% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. お知らせ • May 12
Nakayo, Inc., Annual General Meeting, Jun 26, 2024 Nakayo, Inc., Annual General Meeting, Jun 26, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.6%). お知らせ • Mar 20
Nakayo, Inc. to Report Fiscal Year 2024 Results on May 10, 2024 Nakayo, Inc. announced that they will report fiscal year 2024 results on May 10, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: JP¥83.25 loss per share (vs JP¥110 loss in 3Q 2023) Third quarter 2024 results: JP¥83.25 loss per share (improved from JP¥110 loss in 3Q 2023). Revenue: JP¥4.04b (up 5.1% from 3Q 2023). Net loss: JP¥372.0m (loss narrowed 24% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. お知らせ • Dec 22
Nakayo, Inc. to Report Q3, 2024 Results on Feb 08, 2024 Nakayo, Inc. announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: JP¥37.39 loss per share (vs JP¥67.36 loss in 2Q 2023) Second quarter 2024 results: JP¥37.39 loss per share (improved from JP¥67.36 loss in 2Q 2023). Revenue: JP¥4.18b (down 1.7% from 2Q 2023). Net loss: JP¥167.0m (loss narrowed 44% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. お知らせ • Sep 22
Nakayo, Inc. to Report Q2, 2024 Results on Nov 09, 2023 Nakayo, Inc. announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: JP¥25.58 loss per share (vs JP¥64.81 loss in 1Q 2023) First quarter 2024 results: JP¥25.58 loss per share (improved from JP¥64.81 loss in 1Q 2023). Revenue: JP¥3.99b (up 12% from 1Q 2023). Net loss: JP¥114.0m (loss narrowed 60% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. お知らせ • Jun 22
Nakayo, Inc. to Report Q1, 2024 Results on Aug 10, 2023 Nakayo, Inc. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 14
Full year 2023 earnings released: JP¥159 loss per share (vs JP¥63.27 profit in FY 2022) Full year 2023 results: JP¥159 loss per share (down from JP¥63.27 profit in FY 2022). Revenue: JP¥17.1b (down 8.1% from FY 2022). Net loss: JP¥708.0m (down 352% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. お知らせ • May 13
Nakayo, Inc., Annual General Meeting, Jun 28, 2023 Nakayo, Inc., Annual General Meeting, Jun 28, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. 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%). In line with average of industry peers (3.1%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: JP¥110 loss per share (vs JP¥25.43 loss in 3Q 2022) Third quarter 2023 results: JP¥110 loss per share (further deteriorated from JP¥25.43 loss in 3Q 2022). Revenue: JP¥3.85b (down 7.6% from 3Q 2022). Net loss: JP¥492.0m (loss widened 335% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. お知らせ • Dec 23
Nakayo, Inc. to Report Q3, 2023 Results on Feb 09, 2023 Nakayo, Inc. announced that they will report Q3, 2023 results on Feb 09, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Kato Masanori was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: JP¥67.33 loss per share (vs JP¥10.13 profit in 2Q 2022) Second quarter 2023 results: JP¥67.33 loss per share (down from JP¥10.13 profit in 2Q 2022). Revenue: JP¥4.25b (down 7.7% from 2Q 2022). Net loss: JP¥300.0m (down JP¥345.0m from profit in 2Q 2022). 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 14% per year, which means it has not declined as severely as earnings. お知らせ • Sep 22
Nakayo, Inc. to Report Q2, 2023 Results on Nov 10, 2022 Nakayo, Inc. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 05
First quarter 2023 earnings released: JP¥64.80 loss per share (vs JP¥21.65 profit in 1Q 2022) First quarter 2023 results: JP¥64.80 loss per share (down from JP¥21.65 profit in 1Q 2022). Revenue: JP¥3.57b (down 17% from 1Q 2022). Net loss: JP¥288.0m (down 400% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. お知らせ • Jun 23
Nakayo, Inc. to Report Q1, 2023 Results on Aug 04, 2022 Nakayo, Inc. announced that they will report Q1, 2023 results on Aug 04, 2022 Reported Earnings • May 18
Full year 2022 earnings released: EPS: JP¥63.27 (vs JP¥61.15 in FY 2021) Full year 2022 results: EPS: JP¥63.27 (up from JP¥61.15 in FY 2021). Revenue: JP¥18.6b (up 5.2% from FY 2021). Net income: JP¥281.0m (up 3.7% from FY 2021). Profit margin: 1.5% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. お知らせ • May 14
Nakayo, Inc., Annual General Meeting, Jun 23, 2022 Nakayo, Inc., Annual General Meeting, Jun 23, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Kato Masanori was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • Apr 08
Nakayo, Inc. to Report Fiscal Year 2022 Results on May 12, 2022 Nakayo, Inc. announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 49% but the company is paying out more than the cash it is generating. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.9%). Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥25.42 loss per share (down from JP¥16.91 profit in 3Q 2021). Revenue: JP¥4.17b (down 1.7% from 3Q 2021). Net loss: JP¥113.0m (down 251% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 13
Second quarter 2022 earnings released: EPS JP¥10.13 (vs JP¥29.10 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥4.61b (up 11% from 2Q 2021). Net income: JP¥45.0m (up JP¥174.0m from 2Q 2021). Profit margin: 1.0% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 30
Full year 2021 earnings released: EPS JP¥61.15 (vs JP¥57.21 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥17.7b (flat on FY 2020). Net income: JP¥271.0m (up 7.1% from FY 2020). Profit margin: 1.5% (up from 1.4% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥61.14 (vs JP¥57.21 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥17.7b (flat on FY 2020). Net income: JP¥271.0m (up 7.1% from FY 2020). Profit margin: 1.5% (up from 1.4% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 3.2%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.8%). Is New 90 Day High Low • Mar 10
New 90-day high: JP¥1,518 The company is up 4.0% from its price of JP¥1,456 on 10 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 6.0% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥16.91 (vs JP¥6.78 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥4.24b (up 3.3% from 3Q 2020). Net income: JP¥75.0m (up 150% from 3Q 2020). Profit margin: 1.8% (up from 0.7% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. お知らせ • Dec 19
Nakayo, Inc. to Report Q3, 2021 Results on Feb 10, 2021 Nakayo, Inc. announced that they will report Q3, 2021 results on Feb 10, 2021 お知らせ • Oct 10
Nakayo, Inc. to Report Q2, 2021 Results on Nov 05, 2020 Nakayo, Inc. announced that they will report Q2, 2021 results on Nov 05, 2020 お知らせ • Jun 19
Nakayo, Inc. to Report Q1, 2021 Results on Aug 06, 2020 Nakayo, Inc. announced that they will report Q1, 2021 results on Aug 06, 2020