Relo Group (665) 주식 개요는 일본에서 자산 관리 서비스를 제공하는 회사입니다. 자세히 보기665 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장2/6과거 실적3/6재무 건전성6/6배당4/6강점공정 가치 추정치보다 낮은 26.2% 에서 거래수익은 매년 8.48% 증가할 것으로 예상됩니다.위험 분석이익 마진 (13.7%)이 지난해 (30.3%)보다 낮습니다.불안정한 배당 실적모든 위험 점검 보기665 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€10.5015.9% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-28b334b2016201920222025202620282031Revenue JP¥200.2bEarnings JP¥27.4bAdvancedSet Fair ValueView all narrativesRelo Group, Inc. 경쟁사Deutsche EuroShopSymbol: XTRA:DEQMarket cap: €1.5bGrand City PropertiesSymbol: XTRA:GYCMarket cap: €1.7bTLG ImmobilienSymbol: HMSE:TLGMarket cap: €1.2bLogistri FastighetsSymbol: DB:6DV0Market cap: €1.5b가격 이력 및 성과Relo Group 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가JP¥10.5052주 최고가JP¥10.9052주 최저가JP¥8.85베타0.361개월 변동0.96%3개월 변동8.25%1년 변동n/a3년 변동-16.67%5년 변동-34.96%IPO 이후 변동-48.40%최근 뉴스 및 업데이트Reported Earnings • May 20Full year 2026 earnings released: EPS: JP¥137 (vs JP¥287 in FY 2025)Full year 2026 results: EPS: JP¥137 (down from JP¥287 in FY 2025). Revenue: JP¥151.1b (up 5.7% from FY 2025). Net income: JP¥20.7b (down 52% from FY 2025). Profit margin: 14% (down from 30% in FY 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 11% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Board Change • May 20Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Outside Director Kaori Sato was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.공시 • May 15Relo Group, Inc., Annual General Meeting, Jun 24, 2026Relo Group, Inc., Annual General Meeting, Jun 24, 2026.공시 • May 09Relo Group, Inc. to Report Fiscal Year 2026 Results on May 14, 2026Relo Group, Inc. announced that they will report fiscal year 2026 results on May 14, 2026공시 • Jan 07Relo Group, Inc. to Report Q3, 2026 Results on Feb 12, 2026Relo Group, Inc. announced that they will report Q3, 2026 results on Feb 12, 2026공시 • Oct 01Relo Group, Inc. to Report Q2, 2026 Results on Nov 13, 2025Relo Group, Inc. announced that they will report Q2, 2026 results on Nov 13, 2025더 많은 업데이트 보기Recent updatesReported Earnings • May 20Full year 2026 earnings released: EPS: JP¥137 (vs JP¥287 in FY 2025)Full year 2026 results: EPS: JP¥137 (down from JP¥287 in FY 2025). Revenue: JP¥151.1b (up 5.7% from FY 2025). Net income: JP¥20.7b (down 52% from FY 2025). Profit margin: 14% (down from 30% in FY 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 11% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Board Change • May 20Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Outside Director Kaori Sato was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.공시 • May 15Relo Group, Inc., Annual General Meeting, Jun 24, 2026Relo Group, Inc., Annual General Meeting, Jun 24, 2026.공시 • May 09Relo Group, Inc. to Report Fiscal Year 2026 Results on May 14, 2026Relo Group, Inc. announced that they will report fiscal year 2026 results on May 14, 2026공시 • Jan 07Relo Group, Inc. to Report Q3, 2026 Results on Feb 12, 2026Relo Group, Inc. announced that they will report Q3, 2026 results on Feb 12, 2026공시 • Oct 01Relo Group, Inc. to Report Q2, 2026 Results on Nov 13, 2025Relo Group, Inc. announced that they will report Q2, 2026 results on Nov 13, 2025공시 • May 31Relo Group, Inc. to Report Q1, 2026 Results on Aug 07, 2025Relo Group, Inc. announced that they will report Q1, 2026 results on Aug 07, 2025공시 • May 08Relo Group, Inc., Annual General Meeting, Jun 25, 2025Relo Group, Inc., Annual General Meeting, Jun 25, 2025.공시 • Mar 27Relo Group, Inc. to Report Fiscal Year 2025 Results on May 08, 2025Relo Group, Inc. announced that they will report fiscal year 2025 results on May 08, 2025공시 • Mar 11Relo Group, Inc. (TSE:8876) agreed to acquire 20% stake in Answer Holdings Co.,Ltd from Shunsuke Mitani.Relo Group, Inc. (TSE:8876) agreed to acquire 20.43% stake in Answer Holdings Co.,Ltd from Shunsuke Mitani on March 10, 2025. The expected completion of the transaction is March 12, 2025.공시 • Jan 03Relo Group, Inc. to Report Q3, 2025 Results on Feb 13, 2025Relo Group, Inc. announced that they will report Q3, 2025 results on Feb 13, 2025Declared Dividend • Nov 10Dividend of JP¥42.00 announcedShareholders will receive a dividend of JP¥42.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 400%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (32% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time.Buy Or Sell Opportunity • Oct 11Now 21% undervaluedOver the last 90 days, the stock has risen 17% to €11.70. The fair value is estimated to be €14.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 27% over the last 3 years. Meanwhile, the company became loss making.공시 • Sep 27Relo Group, Inc. to Report Q2, 2025 Results on Nov 07, 2024Relo Group, Inc. announced that they will report Q2, 2025 results on Nov 07, 2024Reported Earnings • Aug 12First quarter 2025 earnings released: EPS: JP¥157 (vs JP¥26.15 in 1Q 2024)First quarter 2025 results: EPS: JP¥157 (up from JP¥26.15 in 1Q 2024). Revenue: JP¥34.6b (up 13% from 1Q 2024). Net income: JP¥24.0b (up JP¥20.0b from 1Q 2024). Profit margin: 69% (up from 13% in 1Q 2024). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.공시 • Aug 09Relo Group, Inc. (TSE:8876) announces an Equity Buyback for 4,000,000 shares, representing 2.62% for ¥5,500 million.Relo Group, Inc. (TSE:8876) announces a share repurchase program. Under the program, the company will repurchase 4,000,000 shares, representing 2.62% of the outstanding shares for ¥5,500 million. The purpose of the program is to use the shares to deliver shares associated with the exercise of stock options, to execute flexible capital policies to adapt to changes in the management environment, and improving capital efficiency. The program will run until October 31, 2024. As of June 30, 2024, the company had 152,829,130 shares outstanding and 187,070 shares in treasury.New Risk • Aug 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.7% 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 High level of debt (75% net debt to equity). 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 (6.7% average weekly change).공시 • Jun 28Relo Group, Inc. to Report Q1, 2025 Results on Aug 08, 2024Relo Group, Inc. announced that they will report Q1, 2025 results on Aug 08, 2024New Risk • Jun 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 German stocks, typically moving 6.9% 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 High level of debt (81% net debt to equity). Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.9% average weekly change).공시 • May 11+ 1 more updateMarcian Holdings GK entered into an agreement to acquire 33.44% stake in Nihon Housing Co.,Ltd. (TSE:4781) from Relo Group, Inc. (TSE:8876) for ¥33.2 billion.Marcian Holdings GK entered into an agreement to acquire 33.44% stake in Nihon Housing Co.,Ltd. (TSE:4781) from Relo Group, Inc. (TSE:8876) for ¥33.2 billion on May 9, 2024. After the consummation of the Tender Offer, Nihon Housing will cease to be an equity-method subsidiary of Relo Group. In the course of the consideration of the Tender Offer up to the present time, the procedures and responses are expected to take a certain period of time to get permits and approvals under the competition law of Vietnam and Ukraine. As of today, the Tender Offeror aims to commence the Tender Offer by around late May 2024.Reported Earnings • May 11Full year 2024 earnings released: JP¥182 loss per share (vs JP¥105 profit in FY 2023)Full year 2024 results: JP¥182 loss per share (down from JP¥105 profit in FY 2023). Revenue: JP¥132.6b (up 7.2% from FY 2023). Net loss: JP¥27.8b (down 273% from profit in FY 2023). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.공시 • May 10+ 3 more updatesRelo Group, Inc. Provides Special Dividend Guidance for the Fiscal Year Ended March 31, 2024Relo Group, Inc. provides Special dividend guidance for the fiscal year ended March 31, 2024. For the period, the company expects an ordinary dividend of ¥38 as described in the outlook, plus a special dividend of ¥4 as a return corresponding to one-time earnings.공시 • Mar 28Relo Group, Inc. to Report Fiscal Year 2024 Results on May 09, 2024Relo Group, Inc. announced that they will report fiscal year 2024 results on May 09, 2024Upcoming Dividend • Mar 21Upcoming dividend of JP¥37.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.8%).Valuation Update With 7 Day Price Move • Feb 15Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €7.80, the stock trades at a forward P/E ratio of 11x. Average trailing P/E is 26x in the Real Estate industry in Germany. Total loss to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €13.27 per share.New Risk • Feb 13New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). 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 (7.5% average weekly change).Reported Earnings • Feb 11Third quarter 2024 earnings released: EPS: JP¥24.95 (vs JP¥29.36 in 3Q 2023)Third quarter 2024 results: EPS: JP¥24.95 (down from JP¥29.36 in 3Q 2023). Revenue: JP¥31.2b (up 4.1% from 3Q 2023). Net income: JP¥3.81b (down 15% from 3Q 2023). Profit margin: 12% (down from 15% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings.New Risk • Feb 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 German stocks, typically moving 7.7% 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 Debt is not well covered by operating cash flow (19% operating cash flow to total debt). 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 (7.7% average weekly change).공시 • Dec 28Relo Group, Inc. to Report Q3, 2024 Results on Feb 08, 2024Relo Group, Inc. announced that they will report Q3, 2024 results on Feb 08, 2024공시 • Nov 11+ 1 more updateRelo Group, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024Relo Group, Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2024. For the year, the company expects revenue of JPY 135,000 million, operating profit of JPY 27,700 million, profit attributable to owners of parent of JPY 19,000 million and basic earnings per share of JPY 124.17.Reported Earnings • Nov 10Second quarter 2024 earnings released: EPS: JP¥31.60 (vs JP¥27.72 in 2Q 2023)Second quarter 2024 results: EPS: JP¥31.60 (up from JP¥27.72 in 2Q 2023). Revenue: JP¥32.5b (up 5.8% from 2Q 2023). Net income: JP¥4.83b (up 14% from 2Q 2023). Profit margin: 15% (up from 14% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany.공시 • Sep 29Relo Group, Inc. to Report Q2, 2024 Results on Nov 09, 2023Relo Group, Inc. announced that they will report Q2, 2024 results on Nov 09, 2023Buying Opportunity • Aug 14Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be €14.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 40% over the last 3 years. Earnings per share has grown by 51%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.Reported Earnings • Aug 13First quarter 2024 earnings released: EPS: JP¥26.15 (vs JP¥26.17 in 1Q 2023)First quarter 2024 results: EPS: JP¥26.15 (down from JP¥26.17 in 1Q 2023). Revenue: JP¥30.7b (up 8.2% from 1Q 2023). Net income: JP¥4.00b (flat on 1Q 2023). Profit margin: 13% (down from 14% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany.공시 • Aug 12+ 1 more updateRelo Group, Inc. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024Relo Group, Inc. provided dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects to pay a dividend of ¥37 against ¥33 paid last year.공시 • Jun 28Relo Group, Inc. to Report Q1, 2024 Results on Aug 10, 2023Relo Group, Inc. announced that they will report Q1, 2024 results on Aug 10, 2023Reported Earnings • May 16Full year 2023 earnings released: EPS: JP¥105 (vs JP¥103 in FY 2022)Full year 2023 results: EPS: JP¥105 (up from JP¥103 in FY 2022). Revenue: JP¥123.7b (down 21% from FY 2022). Net income: JP¥16.0b (up 2.5% from FY 2022). Profit margin: 13% (up from 10.0% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 20% decline forecast for the Real Estate industry in Germany.공시 • May 12+ 1 more updateRelo Group, Inc. Provides Dividend Guidance for the Year Ending March 31, 2024Relo Group, Inc. provided dividend guidance for the year ending March 31, 2024. For the period, the company expects a dividend of ¥37.00 per share against ¥33.00 per share paid a year ago.공시 • May 11+ 1 more updateRelo Group, Inc., Annual General Meeting, Jun 27, 2023Relo Group, Inc., Annual General Meeting, Jun 27, 2023.Upcoming Dividend • Mar 23Upcoming dividend of JP¥31.00 per share at 1.5% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 23% and the cash payout ratio is 96%. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.5%).Reported Earnings • Feb 12Third quarter 2023 earnings released: EPS: JP¥29.36 (vs JP¥16.86 in 3Q 2022)Third quarter 2023 results: EPS: JP¥29.36 (up from JP¥16.86 in 3Q 2022). Revenue: JP¥30.0b (down 25% from 3Q 2022). Net income: JP¥4.49b (up 74% from 3Q 2022). Profit margin: 15% (up from 6.5% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany.공시 • Feb 09+ 1 more updateRelo Group, Inc. Provides Earning Guidance for the Fiscal Year Ending March 31, 2023Relo Group, Inc. provided earning guidance for the fiscal year ending March 31, 2023. For the period, the company expects revenue of JPY 125,000 million, operating profit of JPY 22,400 million, profit attributable to owners of parent of JPY 20,700 million and basic earnings per share of JPY 135.28.공시 • Jan 12Relo Group, Inc. to Report Q3, 2023 Results on Feb 09, 2023Relo Group, Inc. announced that they will report Q3, 2023 results on Feb 09, 2023Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥27.72 (vs JP¥24.52 in 2Q 2022)Second quarter 2023 results: EPS: JP¥27.72 (up from JP¥24.52 in 2Q 2022). Revenue: JP¥30.7b (down 19% from 2Q 2022). Net income: JP¥4.24b (up 14% from 2Q 2022). Profit margin: 14% (up from 9.8% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. External Independent Director Kazuya Udagawa was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 12Second quarter 2023 earnings released: EPS: JP¥27.72 (vs JP¥24.52 in 2Q 2022)Second quarter 2023 results: EPS: JP¥27.72 (up from JP¥24.52 in 2Q 2022). Revenue: JP¥30.7b (down 19% from 2Q 2022). Net income: JP¥4.24b (up 14% from 2Q 2022). Profit margin: 14% (up from 9.8% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany.공시 • Nov 11+ 1 more updateRelo Group, Inc. Provides Earning Guidance for the Fiscal Year Ending March 31, 2023Relo Group, Inc. provided earning guidance for the fiscal year ending March 31, 2023. For the period, the company expects revenue of JPY 125,000 million, operating profit of JPY 22,400 million, profit attributable to owners of parent of JPY 20,700 million and basic earnings per share of JPY 135.28.공시 • Oct 28Relo Group, Inc. (TSE:8876) signed a share purchaseto acquire Stage Planner Co., Ltd. from Yasuaki Nihashi.Relo Group, Inc. (TSE:8876) signed a share purchaseto acquire Stage Planner Co., Ltd. from Yasuaki Nihashi on October 27, 2022. As a part of transaction, Relo Group, Inc. will acquire 200 shares of Stage Planner Co., Ltd. For the year ended October 31, 2021, Stage Planner Co., Ltd. reported total assets of ?2.9 billion, net assets of ?1.6 billion, net sales of ?7.4 billion and operating income of ?266 million. The transaction is expected to complete on November 1, 2022.공시 • Aug 28Relo Group, Inc. to Report Q2, 2023 Results on Nov 10, 2022Relo Group, Inc. announced that they will report Q2, 2023 results on Nov 10, 2022Reported Earnings • Aug 14First quarter 2023 earnings released: EPS: JP¥26.17 (vs JP¥18.54 in 1Q 2022)First quarter 2023 results: EPS: JP¥26.17 (up from JP¥18.54 in 1Q 2022). Revenue: JP¥28.4b (down 26% from 1Q 2022). Net income: JP¥4.00b (up 43% from 1Q 2022). Profit margin: 14% (up from 7.3% in 1Q 2022). The increase in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 13% compared to a 47% decline forecast for the industry in Germany.공시 • Aug 12+ 1 more updateRelo Group, Inc. Provides Dividend Forecasts for the Full Year of the Fiscal Year Ending March 31, 2023Relo Group, Inc. provided dividend forecasts for the full year of the fiscal year ending March 31, 2023. For the year, the company expects revenue of ¥31.00 per share against ¥29.00 per share paid a year ago.공시 • Aug 02SIRVA, Inc. completed the acquisition of BGRS, LLC.SIRVA, Inc. entered into a definitive agreement to acquire BGRS, LLC on May 6, 2022. the new organization will be named SIRVA BGRS, Inc. Following the closing of the transaction, existing SIRVA and BGRS owners, funds managed by Madison Dearborn Partners, LLC and Relo Group, Inc., respectively, will maintain interests in the new organization. The transaction is expected to close within the next 90 days and is subject to regulatory approvals. Richard J. Campbell, P.C., Jon-Micheal A. Wheat, P.C., Kamilya Jumagulova, Adam DeSantis, Angela C. Oldham, Janette A. McMahan and Philipp Gnatzy of Kirkland and Ellis, LLP acted as legal advisor SIRVA, Inc. Robert W. Baird & Co. Incorporated acted as financial advisor BGRS, LLC. Mori Hamada & Matsumoto acted as legal advisor to BGRS, LLC. Davis Polk & Wardwell LLP acted as legal advisor to BGRS, LLC. SIRVA, Inc. completed the acquisition of BGRS, LLC on August 1, 2022.공시 • Jun 29Relo Group, Inc. to Report Q1, 2023 Results on Aug 12, 2022Relo Group, Inc. announced that they will report Q1, 2023 results on Aug 12, 2022공시 • May 26Relo Group, Inc. Provides Consolidated Earnings Guidance for the Year 2024 and 2025Relo Group, Inc. provided consolidated earnings guidance for the year 2024 and 2025. For the 2024, the company expects revenue of JPY 135 billion, Profit before income taxes of JPY 29 billion.For the 2025, the company expects revenue of JPY 150 billion, Profit before income taxes of JPY 35.5 billion.Valuation Update With 7 Day Price Move • May 21Investor sentiment improved over the past weekAfter last week's 18% share price gain to €15.40, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 8x in the Real Estate industry in Germany. Total loss to shareholders of 4.6% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €22.91 per share.Reported Earnings • May 16Full year 2022 earnings released: EPS: JP¥103 (vs JP¥61.88 in FY 2021)Full year 2022 results: EPS: JP¥103 (up from JP¥61.88 in FY 2021). Revenue: JP¥156.6b (down 53% from FY 2021). Net income: JP¥15.6b (up 67% from FY 2021). Profit margin: 10.0% (up from 2.8% in FY 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 1.1% compared to a 42% decline forecast for the industry in Germany.공시 • May 13+ 1 more updateRelo Group, Inc. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023Relo Group, Inc. provided consolidated earnings guidance for the year ending March 31, 2023. The company expects revenue of JPY 125,000 million, operating profit of JPY 22,400 million, profit attributable to owners of the parent of JPY 15,800 million and basic earnings per share of JPY 103.25.공시 • May 12+ 1 more updateRelo Group, Inc., Annual General Meeting, Jun 24, 2022Relo Group, Inc., Annual General Meeting, Jun 24, 2022.공시 • May 08SIRVA, Inc. entered into a definitive agreement to acquire BGRS, LLC.SIRVA, Inc. entered into a definitive agreement to acquire BGRS, LLC on May 6, 2022. the new organization will be named SIRVA BGRS, Inc. Following the closing of the transaction, existing SIRVA and BGRS owners, funds managed by Madison Dearborn Partners, LLC and Relo Group, Inc., respectively, will maintain interests in the new organization. The transaction is expected to close within the next 90 days and is subject to regulatory approvals. Kirkland and Ellis, LLP acted as legal advisor SIRVA, Inc. Robert W. Baird & Co. Incorporated acted as financial advisor BGRS, LLC. Mori Hamada & Matsumoto acted as legal advisor to BGRS, LLC. Davis Polk & Wardwell LLP acted as legal advisor to BGRS, LLC.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. External Independent Director Kazuya Udagawa was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Apr 08Relo Group, Inc. to Report Fiscal Year 2022 Results on May 12, 2022Relo Group, Inc. announced that they will report fiscal year 2022 results on May 12, 2022Board Change • Apr 06Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. External Independent Director Kazuya Udagawa was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 11Third quarter 2022 earnings: EPS in line with expectations, revenues disappointThird quarter 2022 results: EPS: JP¥16.79 (down from JP¥17.60 in 3Q 2021). Revenue: JP¥39.7b (down 52% from 3Q 2021). Net income: JP¥2.57b (down 3.5% from 3Q 2021). Profit margin: 6.5% (up from 3.2% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.5%. Over the next year, revenue is expected to shrink by 14% compared to a 24% decline forecast for the industry in Germany.공시 • Feb 10+ 1 more updateRelo Group, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2022Relo Group, Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2022. For the year, the company expects revenue of JPY 165,000 million, operating profit of JPY 17,000 million, profit attributable to owners of the parent of JPY 11,400 million and basic earnings per share of JPY 74.75.Buying Opportunity • Jan 29Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be JP¥18.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% per annum over the last 3 years. Earnings per share has declined by 23% per annum over the last 3 years.Reported Earnings • Nov 12Second quarter 2022 earnings released: EPS JP¥24.60 (vs JP¥20.27 in 2Q 2021)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥37.9b (down 55% from 2Q 2021). Net income: JP¥3.73b (up 22% from 2Q 2021). Profit margin: 9.8% (up from 3.6% in 2Q 2021). The increase in margin was driven by lower expenses.Reported Earnings • Aug 13First quarter 2022 earnings released: EPS JP¥18.54 (vs JP¥6.55 in 1Q 2021)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥38.3b (down 52% from 1Q 2021). Net income: JP¥2.81b (up 183% from 1Q 2021). Profit margin: 7.3% (up from 1.2% in 1Q 2021). The increase in margin was driven by lower expenses.공시 • Aug 13Relo Group, Inc. Provides Earnings Guidance for the Year Ending March 31, 2022Relo Group, Inc. provided earnings guidance for the year ending March 31, 2022. For the year, the company expects revenue of JPY 165,000, Operating Profit of JPY 17,000, Net Income Attributable to Parent Shareholders of JPY 11,400 and Basic Net Income per Share of JPY 74.75.Valuation Update With 7 Day Price Move • Jun 10Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥18.14, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 12x in the Real Estate industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €18.36 per share.공시 • May 15+ 2 more updatesRelo Group, Inc. Announces Year End Dividend for the Full Year Ended March 31, 2021Relo Group, Inc. announced year end dividend for the full year ended March 31, 2021. For the period, the company announced dividend of JPY 19 per share compared JPY 29 per share paid a year ago. The dividend will be payable on June 25, 2021.Reported Earnings • May 15Full year 2021 earnings released: EPS JP¥61.88 (vs JP¥25.35 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥333.6b (up 6.6% from FY 2020). Net income: JP¥9.35b (up 145% from FY 2020). Profit margin: 2.8% (up from 1.2% in FY 2020). The increase in margin was driven by higher revenue.공시 • Mar 25Relo Group, Inc. Revises Earnings Guidance for the Fiscal Year Ending March 31, 2021Relo Group, Inc. revised earnings guidance for the fiscal year ending March 31, 2021. For the year, the company expects sales of JPY 320,000 million against previous forecast of JPY 290,000 million. Operating profit of JPY 11,900 million against previous forecast of JPY 9,800 million. Net income attributable to owners of parent of JPY 9,000 million or JPY 59.60 against previous forecast of JPY 5,500 million or JPY 36.43.공시 • Mar 21Relo Group, Inc. to Report Fiscal Year 2021 Results on May 13, 2021Relo Group, Inc. announced that they will report fiscal year 2021 results on May 13, 2021Reported Earnings • Feb 07Third quarter 2021 earnings released: EPS JP¥17.60 (vs JP¥22.91 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥83.2b (up 6.4% from 3Q 2020). Net income: JP¥2.66b (down 23% from 3Q 2020). Profit margin: 3.2% (down from 4.4% in 3Q 2020).Analyst Estimate Surprise Post Earnings • Feb 07Revenue beats expectationsRevenue exceeded analyst estimates by 5.0%. Over the next year, revenue is forecast to stay flat compared to a 32% decline forecast for the Real Estate industry in Germany.주주 수익률665DE Real EstateDE 시장7D0%-0.4%3.9%1Yn/a-17.8%2.6%전체 주주 수익률 보기수익률 대 산업: 665의 German Real Estate 산업 대비 성과를 판단하기에 데이터가 부족합니다.수익률 대 시장: 665의 German 시장 대비 성과를 판단하기에 데이터가 부족합니다.주가 변동성Is 665's price volatile compared to industry and market?665 volatility665 Average Weekly Movement4.6%Real Estate Industry Average Movement5.4%Market Average Movement6.1%10% most volatile stocks in DE Market12.9%10% least volatile stocks in DE Market2.7%안정적인 주가: 665는 지난 3개월 동안 German 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: 665의 주간 변동성(5%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트19673,334Kenichi Nakamurawww.relo.jp는 일본에서 부동산 관리 서비스를 제공하는 회사입니다. 이 회사는 임대 기업 주택 관리 서비스, 주거용 부동산 관리 서비스를 제공합니다. 또한 기술 향상, 건강 검진, 보육 및 간호 서비스, 레저 및 숙박 서비스와 같은 생활 지원 서비스도 제공합니다.더 보기Relo Group, Inc. 기초 지표 요약Relo Group의 순이익과 매출은 시가총액과 어떻게 비교됩니까?665 기초 통계시가총액€1.61b순이익 (TTM)€111.70m매출 (TTM)€816.62m14.4x주가수익비율(P/E)2.0x주가매출비율(P/S)665는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표665 손익계산서 (TTM)매출JP¥151.07b매출원가JP¥80.77b총이익JP¥70.31b기타 비용JP¥49.64b순이익JP¥20.67b최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)136.68총이익률46.54%순이익률13.68%부채/자본 비율58.5%665의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당2.5%현재 배당 수익률28%배당 성향665는 안정적으로 배당을 지급합니까?665 배당 기록 및 벤치마크 보기다가오는 배당을 받으려면 언제까지 665를 매수해야 하나요?Relo Group 배당 일정배당락일Mar 30 2026배당 지급일Jun 25 2026배당락일까지 남은 일수57 days배당 지급일까지 남은 일수30 days665는 안정적으로 배당을 지급합니까?665 배당 기록 및 벤치마크 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/25 04:21종가2026/05/25 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Relo Group, Inc.는 8명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Kazue YanagisawaCLSAnull nullDaiwa Securities Co. Ltd.Naoki FurukawaGoldman Sachs5명의 분석가 더 보기
Reported Earnings • May 20Full year 2026 earnings released: EPS: JP¥137 (vs JP¥287 in FY 2025)Full year 2026 results: EPS: JP¥137 (down from JP¥287 in FY 2025). Revenue: JP¥151.1b (up 5.7% from FY 2025). Net income: JP¥20.7b (down 52% from FY 2025). Profit margin: 14% (down from 30% in FY 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 11% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Board Change • May 20Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Outside Director Kaori Sato was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
공시 • May 15Relo Group, Inc., Annual General Meeting, Jun 24, 2026Relo Group, Inc., Annual General Meeting, Jun 24, 2026.
공시 • May 09Relo Group, Inc. to Report Fiscal Year 2026 Results on May 14, 2026Relo Group, Inc. announced that they will report fiscal year 2026 results on May 14, 2026
공시 • Jan 07Relo Group, Inc. to Report Q3, 2026 Results on Feb 12, 2026Relo Group, Inc. announced that they will report Q3, 2026 results on Feb 12, 2026
공시 • Oct 01Relo Group, Inc. to Report Q2, 2026 Results on Nov 13, 2025Relo Group, Inc. announced that they will report Q2, 2026 results on Nov 13, 2025
Reported Earnings • May 20Full year 2026 earnings released: EPS: JP¥137 (vs JP¥287 in FY 2025)Full year 2026 results: EPS: JP¥137 (down from JP¥287 in FY 2025). Revenue: JP¥151.1b (up 5.7% from FY 2025). Net income: JP¥20.7b (down 52% from FY 2025). Profit margin: 14% (down from 30% in FY 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 11% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Board Change • May 20Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Outside Director Kaori Sato was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
공시 • May 15Relo Group, Inc., Annual General Meeting, Jun 24, 2026Relo Group, Inc., Annual General Meeting, Jun 24, 2026.
공시 • May 09Relo Group, Inc. to Report Fiscal Year 2026 Results on May 14, 2026Relo Group, Inc. announced that they will report fiscal year 2026 results on May 14, 2026
공시 • Jan 07Relo Group, Inc. to Report Q3, 2026 Results on Feb 12, 2026Relo Group, Inc. announced that they will report Q3, 2026 results on Feb 12, 2026
공시 • Oct 01Relo Group, Inc. to Report Q2, 2026 Results on Nov 13, 2025Relo Group, Inc. announced that they will report Q2, 2026 results on Nov 13, 2025
공시 • May 31Relo Group, Inc. to Report Q1, 2026 Results on Aug 07, 2025Relo Group, Inc. announced that they will report Q1, 2026 results on Aug 07, 2025
공시 • May 08Relo Group, Inc., Annual General Meeting, Jun 25, 2025Relo Group, Inc., Annual General Meeting, Jun 25, 2025.
공시 • Mar 27Relo Group, Inc. to Report Fiscal Year 2025 Results on May 08, 2025Relo Group, Inc. announced that they will report fiscal year 2025 results on May 08, 2025
공시 • Mar 11Relo Group, Inc. (TSE:8876) agreed to acquire 20% stake in Answer Holdings Co.,Ltd from Shunsuke Mitani.Relo Group, Inc. (TSE:8876) agreed to acquire 20.43% stake in Answer Holdings Co.,Ltd from Shunsuke Mitani on March 10, 2025. The expected completion of the transaction is March 12, 2025.
공시 • Jan 03Relo Group, Inc. to Report Q3, 2025 Results on Feb 13, 2025Relo Group, Inc. announced that they will report Q3, 2025 results on Feb 13, 2025
Declared Dividend • Nov 10Dividend of JP¥42.00 announcedShareholders will receive a dividend of JP¥42.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 400%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (32% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time.
Buy Or Sell Opportunity • Oct 11Now 21% undervaluedOver the last 90 days, the stock has risen 17% to €11.70. The fair value is estimated to be €14.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 27% over the last 3 years. Meanwhile, the company became loss making.
공시 • Sep 27Relo Group, Inc. to Report Q2, 2025 Results on Nov 07, 2024Relo Group, Inc. announced that they will report Q2, 2025 results on Nov 07, 2024
Reported Earnings • Aug 12First quarter 2025 earnings released: EPS: JP¥157 (vs JP¥26.15 in 1Q 2024)First quarter 2025 results: EPS: JP¥157 (up from JP¥26.15 in 1Q 2024). Revenue: JP¥34.6b (up 13% from 1Q 2024). Net income: JP¥24.0b (up JP¥20.0b from 1Q 2024). Profit margin: 69% (up from 13% in 1Q 2024). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
공시 • Aug 09Relo Group, Inc. (TSE:8876) announces an Equity Buyback for 4,000,000 shares, representing 2.62% for ¥5,500 million.Relo Group, Inc. (TSE:8876) announces a share repurchase program. Under the program, the company will repurchase 4,000,000 shares, representing 2.62% of the outstanding shares for ¥5,500 million. The purpose of the program is to use the shares to deliver shares associated with the exercise of stock options, to execute flexible capital policies to adapt to changes in the management environment, and improving capital efficiency. The program will run until October 31, 2024. As of June 30, 2024, the company had 152,829,130 shares outstanding and 187,070 shares in treasury.
New Risk • Aug 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.7% 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 High level of debt (75% net debt to equity). 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 (6.7% average weekly change).
공시 • Jun 28Relo Group, Inc. to Report Q1, 2025 Results on Aug 08, 2024Relo Group, Inc. announced that they will report Q1, 2025 results on Aug 08, 2024
New Risk • Jun 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 German stocks, typically moving 6.9% 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 High level of debt (81% net debt to equity). Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.9% average weekly change).
공시 • May 11+ 1 more updateMarcian Holdings GK entered into an agreement to acquire 33.44% stake in Nihon Housing Co.,Ltd. (TSE:4781) from Relo Group, Inc. (TSE:8876) for ¥33.2 billion.Marcian Holdings GK entered into an agreement to acquire 33.44% stake in Nihon Housing Co.,Ltd. (TSE:4781) from Relo Group, Inc. (TSE:8876) for ¥33.2 billion on May 9, 2024. After the consummation of the Tender Offer, Nihon Housing will cease to be an equity-method subsidiary of Relo Group. In the course of the consideration of the Tender Offer up to the present time, the procedures and responses are expected to take a certain period of time to get permits and approvals under the competition law of Vietnam and Ukraine. As of today, the Tender Offeror aims to commence the Tender Offer by around late May 2024.
Reported Earnings • May 11Full year 2024 earnings released: JP¥182 loss per share (vs JP¥105 profit in FY 2023)Full year 2024 results: JP¥182 loss per share (down from JP¥105 profit in FY 2023). Revenue: JP¥132.6b (up 7.2% from FY 2023). Net loss: JP¥27.8b (down 273% from profit in FY 2023). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
공시 • May 10+ 3 more updatesRelo Group, Inc. Provides Special Dividend Guidance for the Fiscal Year Ended March 31, 2024Relo Group, Inc. provides Special dividend guidance for the fiscal year ended March 31, 2024. For the period, the company expects an ordinary dividend of ¥38 as described in the outlook, plus a special dividend of ¥4 as a return corresponding to one-time earnings.
공시 • Mar 28Relo Group, Inc. to Report Fiscal Year 2024 Results on May 09, 2024Relo Group, Inc. announced that they will report fiscal year 2024 results on May 09, 2024
Upcoming Dividend • Mar 21Upcoming dividend of JP¥37.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.8%).
Valuation Update With 7 Day Price Move • Feb 15Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €7.80, the stock trades at a forward P/E ratio of 11x. Average trailing P/E is 26x in the Real Estate industry in Germany. Total loss to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €13.27 per share.
New Risk • Feb 13New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). 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 (7.5% average weekly change).
Reported Earnings • Feb 11Third quarter 2024 earnings released: EPS: JP¥24.95 (vs JP¥29.36 in 3Q 2023)Third quarter 2024 results: EPS: JP¥24.95 (down from JP¥29.36 in 3Q 2023). Revenue: JP¥31.2b (up 4.1% from 3Q 2023). Net income: JP¥3.81b (down 15% from 3Q 2023). Profit margin: 12% (down from 15% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings.
New Risk • Feb 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 German stocks, typically moving 7.7% 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 Debt is not well covered by operating cash flow (19% operating cash flow to total debt). 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 (7.7% average weekly change).
공시 • Dec 28Relo Group, Inc. to Report Q3, 2024 Results on Feb 08, 2024Relo Group, Inc. announced that they will report Q3, 2024 results on Feb 08, 2024
공시 • Nov 11+ 1 more updateRelo Group, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024Relo Group, Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2024. For the year, the company expects revenue of JPY 135,000 million, operating profit of JPY 27,700 million, profit attributable to owners of parent of JPY 19,000 million and basic earnings per share of JPY 124.17.
Reported Earnings • Nov 10Second quarter 2024 earnings released: EPS: JP¥31.60 (vs JP¥27.72 in 2Q 2023)Second quarter 2024 results: EPS: JP¥31.60 (up from JP¥27.72 in 2Q 2023). Revenue: JP¥32.5b (up 5.8% from 2Q 2023). Net income: JP¥4.83b (up 14% from 2Q 2023). Profit margin: 15% (up from 14% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany.
공시 • Sep 29Relo Group, Inc. to Report Q2, 2024 Results on Nov 09, 2023Relo Group, Inc. announced that they will report Q2, 2024 results on Nov 09, 2023
Buying Opportunity • Aug 14Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be €14.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 40% over the last 3 years. Earnings per share has grown by 51%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.
Reported Earnings • Aug 13First quarter 2024 earnings released: EPS: JP¥26.15 (vs JP¥26.17 in 1Q 2023)First quarter 2024 results: EPS: JP¥26.15 (down from JP¥26.17 in 1Q 2023). Revenue: JP¥30.7b (up 8.2% from 1Q 2023). Net income: JP¥4.00b (flat on 1Q 2023). Profit margin: 13% (down from 14% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany.
공시 • Aug 12+ 1 more updateRelo Group, Inc. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024Relo Group, Inc. provided dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects to pay a dividend of ¥37 against ¥33 paid last year.
공시 • Jun 28Relo Group, Inc. to Report Q1, 2024 Results on Aug 10, 2023Relo Group, Inc. announced that they will report Q1, 2024 results on Aug 10, 2023
Reported Earnings • May 16Full year 2023 earnings released: EPS: JP¥105 (vs JP¥103 in FY 2022)Full year 2023 results: EPS: JP¥105 (up from JP¥103 in FY 2022). Revenue: JP¥123.7b (down 21% from FY 2022). Net income: JP¥16.0b (up 2.5% from FY 2022). Profit margin: 13% (up from 10.0% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 20% decline forecast for the Real Estate industry in Germany.
공시 • May 12+ 1 more updateRelo Group, Inc. Provides Dividend Guidance for the Year Ending March 31, 2024Relo Group, Inc. provided dividend guidance for the year ending March 31, 2024. For the period, the company expects a dividend of ¥37.00 per share against ¥33.00 per share paid a year ago.
공시 • May 11+ 1 more updateRelo Group, Inc., Annual General Meeting, Jun 27, 2023Relo Group, Inc., Annual General Meeting, Jun 27, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥31.00 per share at 1.5% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 23% and the cash payout ratio is 96%. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.5%).
Reported Earnings • Feb 12Third quarter 2023 earnings released: EPS: JP¥29.36 (vs JP¥16.86 in 3Q 2022)Third quarter 2023 results: EPS: JP¥29.36 (up from JP¥16.86 in 3Q 2022). Revenue: JP¥30.0b (down 25% from 3Q 2022). Net income: JP¥4.49b (up 74% from 3Q 2022). Profit margin: 15% (up from 6.5% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany.
공시 • Feb 09+ 1 more updateRelo Group, Inc. Provides Earning Guidance for the Fiscal Year Ending March 31, 2023Relo Group, Inc. provided earning guidance for the fiscal year ending March 31, 2023. For the period, the company expects revenue of JPY 125,000 million, operating profit of JPY 22,400 million, profit attributable to owners of parent of JPY 20,700 million and basic earnings per share of JPY 135.28.
공시 • Jan 12Relo Group, Inc. to Report Q3, 2023 Results on Feb 09, 2023Relo Group, Inc. announced that they will report Q3, 2023 results on Feb 09, 2023
Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥27.72 (vs JP¥24.52 in 2Q 2022)Second quarter 2023 results: EPS: JP¥27.72 (up from JP¥24.52 in 2Q 2022). Revenue: JP¥30.7b (down 19% from 2Q 2022). Net income: JP¥4.24b (up 14% from 2Q 2022). Profit margin: 14% (up from 9.8% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. External Independent Director Kazuya Udagawa was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 12Second quarter 2023 earnings released: EPS: JP¥27.72 (vs JP¥24.52 in 2Q 2022)Second quarter 2023 results: EPS: JP¥27.72 (up from JP¥24.52 in 2Q 2022). Revenue: JP¥30.7b (down 19% from 2Q 2022). Net income: JP¥4.24b (up 14% from 2Q 2022). Profit margin: 14% (up from 9.8% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany.
공시 • Nov 11+ 1 more updateRelo Group, Inc. Provides Earning Guidance for the Fiscal Year Ending March 31, 2023Relo Group, Inc. provided earning guidance for the fiscal year ending March 31, 2023. For the period, the company expects revenue of JPY 125,000 million, operating profit of JPY 22,400 million, profit attributable to owners of parent of JPY 20,700 million and basic earnings per share of JPY 135.28.
공시 • Oct 28Relo Group, Inc. (TSE:8876) signed a share purchaseto acquire Stage Planner Co., Ltd. from Yasuaki Nihashi.Relo Group, Inc. (TSE:8876) signed a share purchaseto acquire Stage Planner Co., Ltd. from Yasuaki Nihashi on October 27, 2022. As a part of transaction, Relo Group, Inc. will acquire 200 shares of Stage Planner Co., Ltd. For the year ended October 31, 2021, Stage Planner Co., Ltd. reported total assets of ?2.9 billion, net assets of ?1.6 billion, net sales of ?7.4 billion and operating income of ?266 million. The transaction is expected to complete on November 1, 2022.
공시 • Aug 28Relo Group, Inc. to Report Q2, 2023 Results on Nov 10, 2022Relo Group, Inc. announced that they will report Q2, 2023 results on Nov 10, 2022
Reported Earnings • Aug 14First quarter 2023 earnings released: EPS: JP¥26.17 (vs JP¥18.54 in 1Q 2022)First quarter 2023 results: EPS: JP¥26.17 (up from JP¥18.54 in 1Q 2022). Revenue: JP¥28.4b (down 26% from 1Q 2022). Net income: JP¥4.00b (up 43% from 1Q 2022). Profit margin: 14% (up from 7.3% in 1Q 2022). The increase in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 13% compared to a 47% decline forecast for the industry in Germany.
공시 • Aug 12+ 1 more updateRelo Group, Inc. Provides Dividend Forecasts for the Full Year of the Fiscal Year Ending March 31, 2023Relo Group, Inc. provided dividend forecasts for the full year of the fiscal year ending March 31, 2023. For the year, the company expects revenue of ¥31.00 per share against ¥29.00 per share paid a year ago.
공시 • Aug 02SIRVA, Inc. completed the acquisition of BGRS, LLC.SIRVA, Inc. entered into a definitive agreement to acquire BGRS, LLC on May 6, 2022. the new organization will be named SIRVA BGRS, Inc. Following the closing of the transaction, existing SIRVA and BGRS owners, funds managed by Madison Dearborn Partners, LLC and Relo Group, Inc., respectively, will maintain interests in the new organization. The transaction is expected to close within the next 90 days and is subject to regulatory approvals. Richard J. Campbell, P.C., Jon-Micheal A. Wheat, P.C., Kamilya Jumagulova, Adam DeSantis, Angela C. Oldham, Janette A. McMahan and Philipp Gnatzy of Kirkland and Ellis, LLP acted as legal advisor SIRVA, Inc. Robert W. Baird & Co. Incorporated acted as financial advisor BGRS, LLC. Mori Hamada & Matsumoto acted as legal advisor to BGRS, LLC. Davis Polk & Wardwell LLP acted as legal advisor to BGRS, LLC. SIRVA, Inc. completed the acquisition of BGRS, LLC on August 1, 2022.
공시 • Jun 29Relo Group, Inc. to Report Q1, 2023 Results on Aug 12, 2022Relo Group, Inc. announced that they will report Q1, 2023 results on Aug 12, 2022
공시 • May 26Relo Group, Inc. Provides Consolidated Earnings Guidance for the Year 2024 and 2025Relo Group, Inc. provided consolidated earnings guidance for the year 2024 and 2025. For the 2024, the company expects revenue of JPY 135 billion, Profit before income taxes of JPY 29 billion.For the 2025, the company expects revenue of JPY 150 billion, Profit before income taxes of JPY 35.5 billion.
Valuation Update With 7 Day Price Move • May 21Investor sentiment improved over the past weekAfter last week's 18% share price gain to €15.40, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 8x in the Real Estate industry in Germany. Total loss to shareholders of 4.6% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €22.91 per share.
Reported Earnings • May 16Full year 2022 earnings released: EPS: JP¥103 (vs JP¥61.88 in FY 2021)Full year 2022 results: EPS: JP¥103 (up from JP¥61.88 in FY 2021). Revenue: JP¥156.6b (down 53% from FY 2021). Net income: JP¥15.6b (up 67% from FY 2021). Profit margin: 10.0% (up from 2.8% in FY 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 1.1% compared to a 42% decline forecast for the industry in Germany.
공시 • May 13+ 1 more updateRelo Group, Inc. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023Relo Group, Inc. provided consolidated earnings guidance for the year ending March 31, 2023. The company expects revenue of JPY 125,000 million, operating profit of JPY 22,400 million, profit attributable to owners of the parent of JPY 15,800 million and basic earnings per share of JPY 103.25.
공시 • May 12+ 1 more updateRelo Group, Inc., Annual General Meeting, Jun 24, 2022Relo Group, Inc., Annual General Meeting, Jun 24, 2022.
공시 • May 08SIRVA, Inc. entered into a definitive agreement to acquire BGRS, LLC.SIRVA, Inc. entered into a definitive agreement to acquire BGRS, LLC on May 6, 2022. the new organization will be named SIRVA BGRS, Inc. Following the closing of the transaction, existing SIRVA and BGRS owners, funds managed by Madison Dearborn Partners, LLC and Relo Group, Inc., respectively, will maintain interests in the new organization. The transaction is expected to close within the next 90 days and is subject to regulatory approvals. Kirkland and Ellis, LLP acted as legal advisor SIRVA, Inc. Robert W. Baird & Co. Incorporated acted as financial advisor BGRS, LLC. Mori Hamada & Matsumoto acted as legal advisor to BGRS, LLC. Davis Polk & Wardwell LLP acted as legal advisor to BGRS, LLC.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. External Independent Director Kazuya Udagawa was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Apr 08Relo Group, Inc. to Report Fiscal Year 2022 Results on May 12, 2022Relo Group, Inc. announced that they will report fiscal year 2022 results on May 12, 2022
Board Change • Apr 06Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. External Independent Director Kazuya Udagawa was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 11Third quarter 2022 earnings: EPS in line with expectations, revenues disappointThird quarter 2022 results: EPS: JP¥16.79 (down from JP¥17.60 in 3Q 2021). Revenue: JP¥39.7b (down 52% from 3Q 2021). Net income: JP¥2.57b (down 3.5% from 3Q 2021). Profit margin: 6.5% (up from 3.2% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.5%. Over the next year, revenue is expected to shrink by 14% compared to a 24% decline forecast for the industry in Germany.
공시 • Feb 10+ 1 more updateRelo Group, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2022Relo Group, Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2022. For the year, the company expects revenue of JPY 165,000 million, operating profit of JPY 17,000 million, profit attributable to owners of the parent of JPY 11,400 million and basic earnings per share of JPY 74.75.
Buying Opportunity • Jan 29Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be JP¥18.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% per annum over the last 3 years. Earnings per share has declined by 23% per annum over the last 3 years.
Reported Earnings • Nov 12Second quarter 2022 earnings released: EPS JP¥24.60 (vs JP¥20.27 in 2Q 2021)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥37.9b (down 55% from 2Q 2021). Net income: JP¥3.73b (up 22% from 2Q 2021). Profit margin: 9.8% (up from 3.6% in 2Q 2021). The increase in margin was driven by lower expenses.
Reported Earnings • Aug 13First quarter 2022 earnings released: EPS JP¥18.54 (vs JP¥6.55 in 1Q 2021)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥38.3b (down 52% from 1Q 2021). Net income: JP¥2.81b (up 183% from 1Q 2021). Profit margin: 7.3% (up from 1.2% in 1Q 2021). The increase in margin was driven by lower expenses.
공시 • Aug 13Relo Group, Inc. Provides Earnings Guidance for the Year Ending March 31, 2022Relo Group, Inc. provided earnings guidance for the year ending March 31, 2022. For the year, the company expects revenue of JPY 165,000, Operating Profit of JPY 17,000, Net Income Attributable to Parent Shareholders of JPY 11,400 and Basic Net Income per Share of JPY 74.75.
Valuation Update With 7 Day Price Move • Jun 10Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥18.14, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 12x in the Real Estate industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €18.36 per share.
공시 • May 15+ 2 more updatesRelo Group, Inc. Announces Year End Dividend for the Full Year Ended March 31, 2021Relo Group, Inc. announced year end dividend for the full year ended March 31, 2021. For the period, the company announced dividend of JPY 19 per share compared JPY 29 per share paid a year ago. The dividend will be payable on June 25, 2021.
Reported Earnings • May 15Full year 2021 earnings released: EPS JP¥61.88 (vs JP¥25.35 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥333.6b (up 6.6% from FY 2020). Net income: JP¥9.35b (up 145% from FY 2020). Profit margin: 2.8% (up from 1.2% in FY 2020). The increase in margin was driven by higher revenue.
공시 • Mar 25Relo Group, Inc. Revises Earnings Guidance for the Fiscal Year Ending March 31, 2021Relo Group, Inc. revised earnings guidance for the fiscal year ending March 31, 2021. For the year, the company expects sales of JPY 320,000 million against previous forecast of JPY 290,000 million. Operating profit of JPY 11,900 million against previous forecast of JPY 9,800 million. Net income attributable to owners of parent of JPY 9,000 million or JPY 59.60 against previous forecast of JPY 5,500 million or JPY 36.43.
공시 • Mar 21Relo Group, Inc. to Report Fiscal Year 2021 Results on May 13, 2021Relo Group, Inc. announced that they will report fiscal year 2021 results on May 13, 2021
Reported Earnings • Feb 07Third quarter 2021 earnings released: EPS JP¥17.60 (vs JP¥22.91 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥83.2b (up 6.4% from 3Q 2020). Net income: JP¥2.66b (down 23% from 3Q 2020). Profit margin: 3.2% (down from 4.4% in 3Q 2020).
Analyst Estimate Surprise Post Earnings • Feb 07Revenue beats expectationsRevenue exceeded analyst estimates by 5.0%. Over the next year, revenue is forecast to stay flat compared to a 32% decline forecast for the Real Estate industry in Germany.
