Upcoming Dividend • Apr 21
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 28 April 2026. Payment date: 28 July 2026. The company is paying out more than 100% of its profits and is paying out 80% of its cash flow. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). New Risk • Mar 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.4% Last year net profit margin: 2.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 27% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (116% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Market cap is less than US$100m (JP¥3.80b market cap, or US$23.8m). Reported Earnings • Mar 14
Third quarter 2026 earnings released: EPS: JP¥12.44 (vs JP¥16.86 in 3Q 2025) Third quarter 2026 results: EPS: JP¥12.44 (down from JP¥16.86 in 3Q 2025). Revenue: JP¥2.11b (down 8.4% from 3Q 2025). Net income: JP¥71.0m (down 26% from 3Q 2025). Profit margin: 3.4% (down from 4.2% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Dec 16
Second quarter 2026 earnings released: EPS: JP¥2.10 (vs JP¥8.26 in 2Q 2025) Second quarter 2026 results: EPS: JP¥2.10 (down from JP¥8.26 in 2Q 2025). Revenue: JP¥1.94b (up 3.5% from 2Q 2025). Net income: JP¥12.0m (down 75% from 2Q 2025). Profit margin: 0.6% (down from 2.5% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has remained flat, which means it is well ahead of earnings. 공시 • Oct 25
AZEARTH Corporation to Report Q2, 2026 Results on Dec 12, 2025 AZEARTH Corporation announced that they will report Q2, 2026 results on Dec 12, 2025 Reported Earnings • Sep 14
First quarter 2026 earnings released: JP¥1.41 loss per share (vs JP¥3.16 profit in 1Q 2025) First quarter 2026 results: JP¥1.41 loss per share (down from JP¥3.16 profit in 1Q 2025). Revenue: JP¥1.84b (flat on 1Q 2025). Net loss: JP¥8.00m (down 144% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. 공시 • Jul 25
AZEARTH Corporation to Report Q1, 2026 Results on Sep 12, 2025 AZEARTH Corporation announced that they will report Q1, 2026 results on Sep 12, 2025 Reported Earnings • Jun 15
Full year 2025 earnings released: EPS: JP¥34.96 (vs JP¥32.93 in FY 2024) Full year 2025 results: EPS: JP¥34.96 (up from JP¥32.93 in FY 2024). Revenue: JP¥8.03b (down 2.6% from FY 2024). Net income: JP¥199.0m (up 6.4% from FY 2024). Profit margin: 2.5% (up from 2.3% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings. 공시 • Jun 13
AZEARTH Corporation, Annual General Meeting, Jul 25, 2025 AZEARTH Corporation, Annual General Meeting, Jul 25, 2025. Upcoming Dividend • Apr 21
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 28 April 2025. Payment date: 28 July 2025. Payout ratio is a comfortable 69% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (2.0%). 공시 • Apr 01
AZEARTH Corporation to Report Fiscal Year 2025 Results on Jun 13, 2025 AZEARTH Corporation announced that they will report fiscal year 2025 results on Jun 13, 2025 Reported Earnings • Mar 13
Third quarter 2025 earnings released: EPS: JP¥16.86 (vs JP¥9.14 in 3Q 2024) Third quarter 2025 results: EPS: JP¥16.86 (up from JP¥9.14 in 3Q 2024). Revenue: JP¥2.30b (up 16% from 3Q 2024). Net income: JP¥96.0m (up 85% from 3Q 2024). Profit margin: 4.2% (up from 2.6% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Dec 13
Second quarter 2025 earnings released: EPS: JP¥8.26 (vs JP¥8.81 in 2Q 2024) Second quarter 2025 results: EPS: JP¥8.26 (down from JP¥8.81 in 2Q 2024). Revenue: JP¥1.87b (down 7.0% from 2Q 2024). Net income: JP¥47.0m (down 6.0% from 2Q 2024). Profit margin: 2.5% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Sep 15
First quarter 2025 earnings released: EPS: JP¥3.16 (vs JP¥9.72 in 1Q 2024) First quarter 2025 results: EPS: JP¥3.16 (down from JP¥9.72 in 1Q 2024). Revenue: JP¥1.85b (down 13% from 1Q 2024). Net income: JP¥18.0m (down 67% from 1Q 2024). Profit margin: 1.0% (down from 2.6% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% 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. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥556, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 16x in the Luxury industry in Japan. Total loss to shareholders of 17% over the past three years. 공시 • Jul 12
AZEARTH Corporation to Report Q1, 2025 Results on Sep 11, 2024 AZEARTH Corporation announced that they will report Q1, 2025 results on Sep 11, 2024 Reported Earnings • Jun 16
Full year 2024 earnings released: EPS: JP¥32.93 (vs JP¥71.87 in FY 2023) Full year 2024 results: EPS: JP¥32.93 (down from JP¥71.87 in FY 2023). Revenue: JP¥8.24b (down 9.2% from FY 2023). Net income: JP¥187.0m (down 54% from FY 2023). Profit margin: 2.3% (down from 4.5% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. 공시 • Jun 15
AZEARTH Corporation, Annual General Meeting, Jul 25, 2024 AZEARTH Corporation, Annual General Meeting, Jul 25, 2024. Buy Or Sell Opportunity • Jun 06
Now 21% overvalued Over the last 90 days, the stock has fallen 9.2% to JP¥628. The fair value is estimated to be JP¥521, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.1% over the last 3 years. Earnings per share has declined by 18%. Buy Or Sell Opportunity • May 21
Now 21% overvalued Over the last 90 days, the stock has fallen 8.6% to JP¥628. The fair value is estimated to be JP¥520, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.1% over the last 3 years. Earnings per share has declined by 18%. 공시 • Apr 28
AZEARTH Corporation to Report Fiscal Year 2024 Results on Jun 13, 2024 AZEARTH Corporation announced that they will report fiscal year 2024 results on Jun 13, 2024 Upcoming Dividend • Apr 19
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 26 April 2024. Payment date: 28 July 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.9%). Reported Earnings • Mar 14
Third quarter 2024 earnings released: EPS: JP¥9.14 (vs JP¥32.21 in 3Q 2023) Third quarter 2024 results: EPS: JP¥9.14 (down from JP¥32.21 in 3Q 2023). Revenue: JP¥1.98b (down 27% from 3Q 2023). Net income: JP¥52.0m (down 71% from 3Q 2023). Profit margin: 2.6% (down from 6.7% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Board Change • Dec 22
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. 3 highly experienced directors. 2 independent directors (3 non-independent directors). Part-Time External Auditor Osamu Kamo is the most experienced director on the board, commencing their role in 2006. Independent Outside Director Tomoko Machida was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Dec 15
Second quarter 2024 earnings released: EPS: JP¥8.81 (vs JP¥17.01 in 2Q 2023) Second quarter 2024 results: EPS: JP¥8.81 (down from JP¥17.01 in 2Q 2023). Revenue: JP¥2.01b (down 8.3% from 2Q 2023). Net income: JP¥50.0m (down 48% from 2Q 2023). Profit margin: 2.5% (down from 4.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% 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 • Aug 02
Full year 2023 earnings released: EPS: JP¥71.87 (vs JP¥47.19 in FY 2022) Full year 2023 results: EPS: JP¥71.87 (up from JP¥47.19 in FY 2022). Revenue: JP¥9.08b (down 4.9% from FY 2022). Net income: JP¥406.0m (up 53% from FY 2022). Profit margin: 4.5% (up from 2.8% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 9% per year. Reported Earnings • Jun 16
Full year 2023 earnings released: EPS: JP¥71.87 (vs JP¥47.19 in FY 2022) Full year 2023 results: EPS: JP¥71.87 (up from JP¥47.19 in FY 2022). Revenue: JP¥9.08b (down 4.9% from FY 2022). Net income: JP¥406.0m (up 53% from FY 2022). Profit margin: 4.5% (up from 2.8% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 9% per year. 공시 • Jun 15
AZEARTH Corporation, Annual General Meeting, Jul 27, 2023 AZEARTH Corporation, Annual General Meeting, Jul 27, 2023. Upcoming Dividend • Apr 20
Upcoming dividend of JP¥22.00 per share at 3.1% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 28 July 2023. Payout ratio is a comfortable 30% but the company is paying out more than the cash it is generating. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.8%). Reported Earnings • Mar 15
Third quarter 2023 earnings released: EPS: JP¥32.21 (vs JP¥11.35 in 3Q 2022) Third quarter 2023 results: EPS: JP¥32.21 (up from JP¥11.35 in 3Q 2022). Revenue: JP¥2.72b (up 13% from 3Q 2022). Net income: JP¥182.0m (up 184% from 3Q 2022). Profit margin: 6.7% (up from 2.7% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 6% per year. Reported Earnings • Dec 12
Second quarter 2023 earnings released: EPS: JP¥17.01 (vs JP¥7.27 in 2Q 2022) Second quarter 2023 results: EPS: JP¥17.01 (up from JP¥7.27 in 2Q 2022). Revenue: JP¥2.19b (down 3.8% from 2Q 2022). Net income: JP¥96.0m (up 134% from 2Q 2022). Profit margin: 4.4% (up from 1.8% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. No independent directors (8 non-independent directors). Executive Officer, Manager of Apparel Material Sales Department and Director Tsukasa Yamaoka was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Sep 12
First quarter 2023 earnings released: EPS: JP¥0.09 (vs JP¥10.31 in 1Q 2022) First quarter 2023 results: EPS: JP¥0.09 (down from JP¥10.31 in 1Q 2022). Revenue: JP¥1.89b (down 15% from 1Q 2022). Net income: JP¥0 (down JP¥58.0m from profit in 1Q 2022). Profit margin: 0% (down from 2.6% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Jun 13
Full year 2022 earnings released: EPS: JP¥47.19 (vs JP¥110 in FY 2021) Full year 2022 results: EPS: JP¥47.19 (down from JP¥110 in FY 2021). Revenue: JP¥9.55b (down 6.5% from FY 2021). Net income: JP¥266.0m (down 57% from FY 2021). Profit margin: 2.8% (down from 6.1% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. 공시 • Jun 12
AZEARTH Corporation, Annual General Meeting, Jul 27, 2022 AZEARTH Corporation, Annual General Meeting, Jul 27, 2022. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 5 highly experienced directors. No independent directors (7 non-independent directors). Executive Officer, Manager of Apparel Material Sales Department and Director Tsukasa Yamaoka was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Apr 20
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 April 2022. Payment date: 19 July 2022. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.2%). Reported Earnings • Mar 11
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥11.35 (down from JP¥41.04 in 3Q 2021). Revenue: JP¥2.41b (down 11% from 3Q 2021). Net income: JP¥64.0m (down 72% from 3Q 2021). Profit margin: 2.7% (down from 8.5% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 14
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: JP¥7.27 (down from JP¥21.68 in 2Q 2021). Revenue: JP¥2.28b (down 7.1% from 2Q 2021). Net income: JP¥41.0m (down 66% from 2Q 2021). Profit margin: 1.8% (down from 5.0% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 12
First quarter 2022 earnings released: EPS JP¥10.31 (vs JP¥15.64 in 1Q 2021) The company reported a poor first quarter result with weaker earnings and profit margins, although revenues were flat. First quarter 2022 results: Revenue: JP¥2.22b (flat on 1Q 2021). Net income: JP¥58.0m (down 34% from 1Q 2021). Profit margin: 2.6% (down from 4.0% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥864, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 15x in the Luxury industry in Japan. Total returns to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 19% share price decline to JP¥727, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 20x in the Luxury industry in Japan. Total returns to shareholders of 30% over the past three years. Reported Earnings • Jun 14
Full year 2021 earnings released: EPS JP¥110 (vs JP¥56.20 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥10.2b (up 2.7% from FY 2020). Net income: JP¥621.0m (up 97% from FY 2020). Profit margin: 6.1% (up from 3.2% in FY 2020). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 21
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 28 April 2021. Payment date: 29 July 2021. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (2.8%). Higher than average of industry peers (2.0%). Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,024, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 19x in the Luxury industry in Japan. Total returns to shareholders of 82% over the past three years. Reported Earnings • Mar 12
Third quarter 2021 earnings released: EPS JP¥41.04 (vs JP¥17.06 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥2.71b (up 8.1% from 3Q 2020). Net income: JP¥231.0m (up 141% from 3Q 2020). Profit margin: 8.5% (up from 3.8% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. 공시 • Mar 10
AZEARTH Corporation to Report Q3, 2021 Results on Mar 09, 2022 AZEARTH Corporation announced that they will report Q3, 2021 results on Mar 09, 2022 Is New 90 Day High Low • Feb 25
New 90-day low: JP¥742 The company is down 8.0% from its price of JP¥806 on 27 November 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 5.0% over the same period. 공시 • Jan 12
AZEARTH Corporation to Report Q3, 2021 Results on Mar 10, 2021 AZEARTH Corporation announced that they will report Q3, 2021 results on Mar 10, 2021 Reported Earnings • Dec 13
Second quarter 2021 earnings released: EPS JP¥21.68 The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: JP¥2.45b (flat on 2Q 2020). Net income: JP¥122.0m (up 77% from 2Q 2020). Profit margin: 5.0% (up from 2.8% in 2Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. 공시 • Oct 01
AZEARTH Corporation to Report Q2, 2021 Results on Dec 09, 2020 AZEARTH Corporation announced that they will report Q2, 2021 results on Dec 09, 2020 공시 • Jul 17
AZEARTH Corporation to Report Q1, 2021 Results on Sep 09, 2020 AZEARTH Corporation announced that they will report Q1, 2021 results on Sep 09, 2020