View Financial HealthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsPressance 배당 및 자사주 매입배당 기준 점검 0/6Pressance 은(는) 현재 수익률이 1.01% 인 배당금 지급 회사입니다.핵심 정보1.0%배당 수익률-0.3%자사주 매입 수익률총 주주 수익률0.7%미래 배당 수익률2.5%배당 성장률10.9%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향17%최근 배당 및 자사주 매입 업데이트분석 기사 • Jan 06Pressance (TSE:3254) Is Due To Pay A Dividend Of ¥24.00The board of Pressance Corporation ( TSE:3254 ) has announced that it will pay a dividend on the 4th of June, with...Declared Dividend • Jan 06Final dividend of JP¥24.00 announcedShareholders will receive a dividend of JP¥24.00. Ex-date: 28th March 2025 Payment date: 4th June 2025 Dividend yield will be 2.5%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 9.7% over the next 3 years. However, it would need to fall by 84% to increase the payout ratio to a potentially unsustainable range.Upcoming Dividend • Sep 20Upcoming dividend of JP¥23.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 18 December 2024. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.8%).분석 기사 • Sep 19Pressance (TSE:3254) Is Increasing Its Dividend To ¥23.00Pressance Corporation's ( TSE:3254 ) dividend will be increasing from last year's payment of the same period to ¥23.00...분석 기사 • Aug 15Pressance (TSE:3254) Is Increasing Its Dividend To ¥23.00The board of Pressance Corporation ( TSE:3254 ) has announced that it will be increasing its dividend by 9.5% on the...Declared Dividend • May 17Dividend of JP¥21.00 announcedShareholders will receive a dividend of JP¥21.00. Ex-date: 27th September 2024 Payment date: 18th December 2024 Dividend yield will be 2.4%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover.모든 업데이트 보기Recent updates공시 • Mar 12Pressance Corporation to Delist from Standard Section of the Tokyo Stock Exchange, Effective March 28, 2025Pressance Corporation will be delisted from Standard Section of the Tokyo Stock Exchange effective from March 28, 2025, due to Acquisition by a demand for share, etc. cash-out.공시 • Feb 28Open House Group Co., Ltd. (TSE:3288) completed the acquisition of 31.32% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥51.9 billion.Open House Group Co., Ltd. (TSE:3288) proposed to acquire remaining 36.58% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥60.7 billion on January 10, 2025. A cash consideration of ¥60.68 billion valued at ¥2390 per share will be paid by Open House Group Co., Ltd. As part of consideration, ¥60.68 billion is paid towards common equity of Pressance Corporation. The transaction will be financed through senior debt of ¥60.7 billion from from Sumitomo Mitsui Banking Corp. Tender Offeror will implement the Squeeze-Out Procedure with the aim of making the Tender Offeror the only shareholder of the Pressance Corporation. Tender offer will commence on January 14, 2025 and will end on February 26, 2025. The settlement of the offer will take place on March 5, 2025. The transaction is subject to approval of merger agreement by board of directors of Pressance Corporation, consummation of due diligence investigation and minimum tender. The Board of Directors of Pressance Corporation formed a special committee for the transaction. The deal has been unanimously approved by the board of directors of Pressance Corporation. The expected completion of the transaction is February 26, 2025. SMBC Nikko Securities Inc. acted as financial advisor for Open House Group Co., Ltd. Nagashima Ohno & Tsunematsu acted as legal advisor for Open House Group Co., Ltd. Mizuho Securities Co., Ltd. acted as financial advisor for Pressance Corporation. Mizuho Securities Co., Ltd. acted as fairness opinion provider for Pressance Corporation. Anderson Mori & Tomotsune LPC acted as legal advisor for Pressance Corporation. Open House Group Co., Ltd. (TSE:3288) completed the acquisition of 31.32% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥51.9 billion on February 26, 2025.Reported Earnings • Feb 15First quarter 2025 earnings released: EPS: JP¥31.44 (vs JP¥76.99 in 1Q 2024)First quarter 2025 results: EPS: JP¥31.44 (down from JP¥76.99 in 1Q 2024). Revenue: JP¥42.9b (up 4.7% from 1Q 2024). Net income: JP¥2.18b (down 59% from 1Q 2024). Profit margin: 5.1% (down from 13% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Japan are expected to remain flat.공시 • Jan 17Pressance Corporation to Report Q1, 2025 Results on Feb 13, 2025Pressance Corporation announced that they will report Q1, 2025 results on Feb 13, 2025New Risk • Jan 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% 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: Major Risks Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change).Valuation Update With 7 Day Price Move • Jan 14Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥2,357, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 18% over the past three years.공시 • Jan 11Open House Group Co., Ltd. (TSE:3288) proposed to acquire remaining 36.58% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥60.7 billion.Open House Group Co., Ltd. (TSE:3288) proposed to acquire remaining 36.58% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥60.7 billion on January 10, 2025. A cash consideration of ¥60.68 billion valued at ¥2390 per share will be paid by Open House Group Co., Ltd. As part of consideration, ¥60.68 billion is paid towards common equity of Pressance Corporation. The transaction will be financed through senior debt of ¥60.68 billion from from Sumitomo Mitsui Banking Corp. Tender Offeror will implement the Squeeze-Out Procedure with the aim of making the Tender Offeror the only shareholder of the Target Company. The transaction is subject to approval of merger agreement by target board, consummation of due diligence investigation and minimum tender. The Board of Directors of Pressance Corporation formed a special committee for the transaction. The deal has been unanimously approved by the board. The expected completion of the transaction is February 26, 2025. SMBC Nikko Securities Inc. acted as financial advisor for Open House Group Co., Ltd. Nagashima Ohno & Tsunematsu acted as legal advisor for Open House Group Co., Ltd. Mizuho Securities Co., Ltd. acted as financial advisor for Pressance Corporation. Mizuho Securities Co., Ltd. acted as fairness opinion provider for Pressance Corporation. Anderson Mori & Tomotsune LPC acted as legal advisor for Pressance Corporation.분석 기사 • Jan 06Pressance (TSE:3254) Is Due To Pay A Dividend Of ¥24.00The board of Pressance Corporation ( TSE:3254 ) has announced that it will pay a dividend on the 4th of June, with...Declared Dividend • Jan 06Final dividend of JP¥24.00 announcedShareholders will receive a dividend of JP¥24.00. Ex-date: 28th March 2025 Payment date: 4th June 2025 Dividend yield will be 2.5%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 9.7% over the next 3 years. However, it would need to fall by 84% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Dec 28Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥304 (up from JP¥255 in FY 2023). Revenue: JP¥180.7b (up 12% from FY 2023). Net income: JP¥21.0b (up 20% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Price Target Changed • Dec 12Price target increased by 9.4% to JP¥1,750Up from JP¥1,600, the current price target is provided by 1 analyst. New target price is 9.9% below last closing price of JP¥1,943. Stock is up 26% over the past year. The company is forecast to post earnings per share of JP¥228 for next year compared to JP¥304 last year.분석 기사 • Nov 25Pressance's (TSE:3254) Profits Appear To Have Quality IssuesPressance Corporation's ( TSE:3254 ) stock didn't jump after it announced some healthy earnings. We did some digging...New Risk • Nov 24New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 8.7% per year for the foreseeable future. High level of non-cash earnings (26% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.공시 • Nov 14Pressance Corporation, Annual General Meeting, Dec 20, 2024Pressance Corporation, Annual General Meeting, Dec 20, 2024.분석 기사 • Oct 23Pressance Corporation's (TSE:3254) Share Price Is Matching Sentiment Around Its EarningsWith a price-to-earnings (or "P/E") ratio of 7.2x Pressance Corporation ( TSE:3254 ) may be sending bullish signals at...Upcoming Dividend • Sep 20Upcoming dividend of JP¥23.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 18 December 2024. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.8%).분석 기사 • Sep 19Pressance (TSE:3254) Is Increasing Its Dividend To ¥23.00Pressance Corporation's ( TSE:3254 ) dividend will be increasing from last year's payment of the same period to ¥23.00...공시 • Sep 19Pressance Corporation to Report Fiscal Year 2024 Results on Nov 14, 2024Pressance Corporation announced that they will report fiscal year 2024 results on Nov 14, 2024Reported Earnings • Aug 18Third quarter 2024 earnings released: EPS: JP¥46.65 (vs JP¥51.98 in 3Q 2023)Third quarter 2024 results: EPS: JP¥46.65 (down from JP¥51.98 in 3Q 2023). Revenue: JP¥33.1b (down 6.8% from 3Q 2023). Net income: JP¥3.23b (down 9.7% from 3Q 2023). Profit margin: 9.7% (in line with 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year.분석 기사 • Aug 15Pressance (TSE:3254) Is Increasing Its Dividend To ¥23.00The board of Pressance Corporation ( TSE:3254 ) has announced that it will be increasing its dividend by 9.5% on the...Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥1,695, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 10% over the past three years.분석 기사 • Aug 01Pressance (TSE:3254) Seems To Use Debt Quite SensiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...공시 • Jun 02Pressance Corporation to Report Q3, 2024 Results on Aug 13, 2024Pressance Corporation announced that they will report Q3, 2024 results on Aug 13, 2024New Risk • May 31New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. High level of non-cash earnings (29% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • May 20Second quarter 2024 earnings released: EPS: JP¥84.86 (vs JP¥83.49 in 2Q 2023)Second quarter 2024 results: EPS: JP¥84.86 (up from JP¥83.49 in 2Q 2023). Revenue: JP¥41.9b (down 9.8% from 2Q 2023). Net income: JP¥5.87b (up 2.2% from 2Q 2023). Profit margin: 14% (up from 12% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has remained flat.Declared Dividend • May 17Dividend of JP¥21.00 announcedShareholders will receive a dividend of JP¥21.00. Ex-date: 27th September 2024 Payment date: 18th December 2024 Dividend yield will be 2.4%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover.분석 기사 • Apr 26Does Pressance (TSE:3254) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...분석 기사 • Mar 25Pressance's (TSE:3254) Dividend Will Be ¥21.00Pressance Corporation's ( TSE:3254 ) investors are due to receive a payment of ¥21.00 per share on 3rd of June. This...공시 • Mar 24Pressance Corporation to Report Q2, 2024 Results on May 15, 2024Pressance Corporation announced that they will report Q2, 2024 results on May 15, 2024Upcoming Dividend • Mar 21Upcoming dividend of JP¥21.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.6%).분석 기사 • Feb 28Pressance (TSE:3254) Has Announced A Dividend Of ¥21.00The board of Pressance Corporation ( TSE:3254 ) has announced that it will pay a dividend on the 3rd of June, with...Reported Earnings • Feb 16First quarter 2024 earnings released: EPS: JP¥76.99 (vs JP¥68.30 in 1Q 2023)First quarter 2024 results: EPS: JP¥76.99 (up from JP¥68.30 in 1Q 2023). Revenue: JP¥41.0b (up 4.6% from 1Q 2023). Net income: JP¥5.32b (up 13% from 1Q 2023). Profit margin: 13% (up from 12% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.공시 • Jan 09Pressance Corporation to Report Q1, 2024 Results on Feb 14, 2024Pressance Corporation announced that they will report Q1, 2024 results on Feb 14, 2024New Risk • Nov 21New major risk - Revenue and earnings growthEarnings have declined by 4.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.2% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Nov 18Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥255 (up from JP¥206 in FY 2022). Revenue: JP¥161.3b (up 11% from FY 2022). Net income: JP¥17.5b (up 24% from FY 2022). Profit margin: 11% (up from 9.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.4%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Consumer Durables industry in Japan. 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.공시 • Nov 17Pressance Corporation, Annual General Meeting, Dec 15, 2023Pressance Corporation, Annual General Meeting, Dec 15, 2023.Upcoming Dividend • Sep 21Upcoming dividend of JP¥21.00 per share at 2.0% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 19 December 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.6%).공시 • Sep 02Pressance Corporation to Report Fiscal Year 2023 Results on Nov 14, 2023Pressance Corporation announced that they will report fiscal year 2023 results on Nov 14, 2023Reported Earnings • Aug 16Third quarter 2023 earnings released: EPS: JP¥51.98 (vs JP¥66.43 in 3Q 2022)Third quarter 2023 results: EPS: JP¥51.98 (down from JP¥66.43 in 3Q 2022). Revenue: JP¥35.6b (down 12% from 3Q 2022). Net income: JP¥3.57b (down 22% from 3Q 2022). Profit margin: 10% (down from 11% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.공시 • Jun 15Pressance Corporation to Report Q3, 2023 Results on Aug 14, 2023Pressance Corporation announced that they will report Q3, 2023 results on Aug 14, 2023Reported Earnings • May 21Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: JP¥83.49 (up from JP¥67.08 in 2Q 2022). Revenue: JP¥46.5b (down 6.8% from 2Q 2022). Net income: JP¥5.74b (up 26% from 2Q 2022). Profit margin: 12% (up from 9.1% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) exceeded analyst estimates by 43%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.Upcoming Dividend • Mar 23Upcoming dividend of JP¥19.00 per share at 2.2% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 02 June 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%).Reported Earnings • Feb 17First quarter 2023 earnings released: EPS: JP¥68.30 (vs JP¥67.08 in 1Q 2022)First quarter 2023 results: EPS: JP¥68.30 (up from JP¥67.08 in 1Q 2022). Revenue: JP¥39.2b (down 22% from 1Q 2022). Net income: JP¥4.69b (up 2.9% from 1Q 2022). Profit margin: 12% (up from 9.1% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Consumer Durables industry in Japan. 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 10% per year, which means it is well ahead of earnings.공시 • Dec 15Pressance Corporation to Report Q1, 2023 Results on Feb 14, 2023Pressance Corporation announced that they will report Q1, 2023 results on Feb 14, 2023공시 • Nov 23+ 2 more updatesPressance Corporation Provides Dividend Guidance for the Second Quarter of Fiscal Year Ending September 30, 2023Pressance Corporation provided dividend guidance for the second quarter of fiscal year ending September 30, 2023. For the quarter, the company expects to pay dividend of JPY 19.00 per share against JPY 16.00 per share paid a year ago.공시 • Nov 16Pressance Corporation, Annual General Meeting, Dec 16, 2022Pressance Corporation, Annual General Meeting, Dec 16, 2022.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 2 highly experienced directors. 1 independent director (9 non-independent directors). Independent External Director Toshiyuki Yukami was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Sep 25Pressance Corporation to Report Fiscal Year 2022 Results on Nov 14, 2022Pressance Corporation announced that they will report fiscal year 2022 results on Nov 14, 2022Upcoming Dividend • Sep 22Upcoming dividend of JP¥19.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 20 December 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.9%).공시 • Aug 23+ 1 more updatePressance Corporation Provides Consolidated Dividend Guidance for the Fiscal Year Ending September 30, 2022Pressance Corporation provided consolidated dividend guidance for the fiscal year ending September 30, 2022. For the year, the company expects dividend of JPY 19.00 per share against JPY 16.00 per share paid a year ago.공시 • Jun 23Pressance Corporation to Report Q3, 2022 Results on Aug 12, 2022Pressance Corporation announced that they will report Q3, 2022 results on Aug 12, 2022공시 • May 24+ 1 more updatePressance Corporation Announces Second Quarter-End Dividend for the Fiscal Year Ending September 30, 2022, Payable on June 2, 2022Pressance Corporation announced second quarter-end dividend for the fiscal year ending September 30, 2022. For the second quarter-end, the company announced to pay dividend of JPY 16.00 per share. Scheduled date of start of dividend payment: June 2, 2022.Price Target Changed • Apr 27Price target increased to JP¥1,800Up from JP¥1,600, the current price target is provided by 1 analyst. New target price is 19% above last closing price of JP¥1,518. Stock is down 5.1% over the past year. The company posted earnings per share of JP¥315 last year.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 2 highly experienced directors. 1 independent director (9 non-independent directors). Independent External Director Toshiyuki Yukami was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Apr 07Pressance Corporation to Report Q2, 2022 Results on May 13, 2022Pressance Corporation announced that they will report Q2, 2022 results on May 13, 2022Reported Earnings • Feb 20Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: JP¥58.41 (down from JP¥94.00 in 3Q 2021). Revenue: JP¥37.0b (down 37% from 3Q 2021). Net income: JP¥3.98b (down 34% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021). Revenue missed analyst estimates by 15%. Earnings per share (EPS) exceeded analyst estimates by 2.5%. Over the next year, revenue is expected to shrink by 20% compared to a 5.0% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Price Target Changed • Dec 10Price target increased to JP¥1,800Up from JP¥1,600, the current price target is provided by 1 analyst. New target price is 7.2% below last closing price of JP¥1,940. Stock is up 11% over the past year. The company posted earnings per share of JP¥315 last year.Reported Earnings • Nov 15Second quarter 2022 earnings released: EPS JP¥55.79 (vs JP¥71.20 in 2Q 2021)The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2022 results: Revenue: JP¥45.8b (down 34% from 2Q 2021). Net income: JP¥3.79b (down 17% from 2Q 2021). Profit margin: 8.3% (up from 6.6% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Sep 10Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥1,936, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Consumer Durables industry in Japan. Total returns to shareholders of 52% over the past three years.공시 • Aug 21Pressance Corporation Provides Consolidated Earnings Guidance for the Full Year Ending September 30, 2021Pressance Corporation provided consolidated earnings guidance for the full year ending September 30, 2021. For the period, the company expected net sales of JPY 95,203 million, operating profit of JPY 11,883 million, profit attributable to owners of parent of JPY 7,791 million and basic earnings per share of JPY 114.62.Executive Departure • Jul 01External Director Hakaru Nakabayashi has left the companyOn the 25th of June, Hakaru Nakabayashi's tenure as External Director ended after 6.1 years in the role. We don't have any record of a personal shareholding under Hakaru's name. Hakaru is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.17 years.공시 • May 25+ 2 more updatesPressance Corporation Co. Ltd. Provides Year End Dividend Guidance for the Year Ending September 30, 2021Pressance Corporation Co. Ltd. provided year end dividend guidance of JPY 16.0 for the year ending September 30, 2021 against JPY 16.0 per share paid a year ago.Reported Earnings • May 18Full year 2021 earnings released: EPS JP¥315 (vs JP¥347 in FY 2020)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥243.8b (up 8.8% from FY 2020). Net income: JP¥20.5b (down 6.2% from FY 2020). Profit margin: 8.4% (down from 9.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year.Upcoming Dividend • Mar 23Upcoming dividend of JP¥16.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.3%).Reported Earnings • Feb 14Third quarter 2021 earnings released: EPS JP¥94.00 (vs JP¥84.77 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥59.0b (up 1.3% from 3Q 2020). Net income: JP¥6.06b (up 13% from 3Q 2020). Profit margin: 10% (up from 9.2% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year.Analyst Estimate Surprise Post Earnings • Feb 14Revenue beats expectationsRevenue exceeded analyst estimates by 92%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is expected to shrink by 20% compared to a 5.5% growth forecast for the Consumer Durables industry in Japan.공시 • Jan 20Pressance Corporation announced that it has received ¥5.0000001 billion in funding from Open House Co., Ltd.On January 19, 2021, Pressance Corporation (TSE:3254) closed the transaction.공시 • Jan 07Pressance Corporation to Report Q3, 2021 Results on Feb 12, 2021Pressance Corporation announced that they will report Q3, 2021 results on Feb 12, 2021Price Target Changed • Dec 01Price target lowered to JP¥1,350Down from JP¥1,790, the current price target is provided by 1 analyst. The new target price is 23% below the current share price of JP¥1,754. As of last close, the stock is up 0.1% over the past year.공시 • Nov 14Pressance Corporation announced that it expects to receive ¥5.0000001 billion in funding from Open House Co., Ltd.Pressance Corporation (TSE:3254) announced a private placement of 3,508,772 common shares at a price of ¥1,425 for gross proceeds of ¥5,000,000,100 on November 13, 2020. The transaction will include participation from returning investor, Open House Co., Ltd. The company issued the shares through third party capital allotment subject to the effect of the securities registration statement based on the Financial Instruments and Exchange Act. The payment period will be between January 15, 2021 and January 19, 2021공시 • Sep 19Pressance Corporation to Report Q2, 2021 Results on Nov 13, 2020Pressance Corporation announced that they will report Q2, 2021 results on Nov 13, 2020공시 • Aug 21Pressance Corporation Provides Earnings Guidance for the Half Year of Fiscal 2021; Omits to Provide Earnings Guidance for the Full Year Ending March 31, 2021Pressance Corporation provides earnings guidance for the half year of fiscal 2021 and omits to provide for the full year ending March 31, 2021. For the half year, the company expects net sales to be JPY 102,288 million, operating profit to be JPY 16,080 million, profit attributable to the owners of the parent to be JPY 10,665 million or JPY 165.79 per basic share. For the full fiscal year ending March 31, 2021, the consolidated results forecasts are not provided given that, at the time of disclosure, it is difficult to rationally estimate the impact of the future influence of the virus outbreak and the timing of when the epidemic will dissipate. At the point when estimation becomes possible, the Company will promptly release the full year forecasts.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 3254 JP 시장에서 주목할만한 배당금을 지급하지 않으므로 지급이 안정적인지 확인할 필요가 없습니다.배당금 증가: 3254 JP 시장에서 주목할만한 배당금을 지급하지 않으므로 지급액이 증가하는지 확인할 필요가 없습니다.배당 수익률 vs 시장Pressance 배당 수익률 vs 시장3254의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (3254)1.0%시장 하위 25% (JP)1.8%시장 상위 25% (JP)3.9%업계 평균 (Consumer Durables)1.5%분석가 예측 (3254) (최대 3년)2.5%주목할만한 배당금: 3254 의 배당금( 1.01% )은 JP 시장에서 배당금 지급자의 하위 25%( 1.82% )와 비교해 주목할 만하지 않습니다.고배당: 3254 의 배당금( 1.01% )은 JP 시장에서 배당금 지급자의 상위 25%( 3.9% )와 비교해 낮습니다.주주 대상 이익 배당수익 보장: 3254 JP 시장에서 주목할만한 배당금을 지급하지 않습니다.주주 현금 배당현금 흐름 범위: 3254 배당금을 지급하고 있지만 회사에는 잉여현금흐름이 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YJP 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2025/03/30 00:44종가2025/03/27 00:00수익2024/12/31연간 수익2024/09/30데이터 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 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.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 소스Pressance Corporation는 5명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Toshihiro NoguchiCLSAJiro KojimaDaiwa Securities Co. Ltd.Toshiyuki AnegawaMorgan Stanley2명의 분석가 더 보기
분석 기사 • Jan 06Pressance (TSE:3254) Is Due To Pay A Dividend Of ¥24.00The board of Pressance Corporation ( TSE:3254 ) has announced that it will pay a dividend on the 4th of June, with...
Declared Dividend • Jan 06Final dividend of JP¥24.00 announcedShareholders will receive a dividend of JP¥24.00. Ex-date: 28th March 2025 Payment date: 4th June 2025 Dividend yield will be 2.5%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 9.7% over the next 3 years. However, it would need to fall by 84% to increase the payout ratio to a potentially unsustainable range.
Upcoming Dividend • Sep 20Upcoming dividend of JP¥23.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 18 December 2024. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.8%).
분석 기사 • Sep 19Pressance (TSE:3254) Is Increasing Its Dividend To ¥23.00Pressance Corporation's ( TSE:3254 ) dividend will be increasing from last year's payment of the same period to ¥23.00...
분석 기사 • Aug 15Pressance (TSE:3254) Is Increasing Its Dividend To ¥23.00The board of Pressance Corporation ( TSE:3254 ) has announced that it will be increasing its dividend by 9.5% on the...
Declared Dividend • May 17Dividend of JP¥21.00 announcedShareholders will receive a dividend of JP¥21.00. Ex-date: 27th September 2024 Payment date: 18th December 2024 Dividend yield will be 2.4%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Mar 12Pressance Corporation to Delist from Standard Section of the Tokyo Stock Exchange, Effective March 28, 2025Pressance Corporation will be delisted from Standard Section of the Tokyo Stock Exchange effective from March 28, 2025, due to Acquisition by a demand for share, etc. cash-out.
공시 • Feb 28Open House Group Co., Ltd. (TSE:3288) completed the acquisition of 31.32% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥51.9 billion.Open House Group Co., Ltd. (TSE:3288) proposed to acquire remaining 36.58% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥60.7 billion on January 10, 2025. A cash consideration of ¥60.68 billion valued at ¥2390 per share will be paid by Open House Group Co., Ltd. As part of consideration, ¥60.68 billion is paid towards common equity of Pressance Corporation. The transaction will be financed through senior debt of ¥60.7 billion from from Sumitomo Mitsui Banking Corp. Tender Offeror will implement the Squeeze-Out Procedure with the aim of making the Tender Offeror the only shareholder of the Pressance Corporation. Tender offer will commence on January 14, 2025 and will end on February 26, 2025. The settlement of the offer will take place on March 5, 2025. The transaction is subject to approval of merger agreement by board of directors of Pressance Corporation, consummation of due diligence investigation and minimum tender. The Board of Directors of Pressance Corporation formed a special committee for the transaction. The deal has been unanimously approved by the board of directors of Pressance Corporation. The expected completion of the transaction is February 26, 2025. SMBC Nikko Securities Inc. acted as financial advisor for Open House Group Co., Ltd. Nagashima Ohno & Tsunematsu acted as legal advisor for Open House Group Co., Ltd. Mizuho Securities Co., Ltd. acted as financial advisor for Pressance Corporation. Mizuho Securities Co., Ltd. acted as fairness opinion provider for Pressance Corporation. Anderson Mori & Tomotsune LPC acted as legal advisor for Pressance Corporation. Open House Group Co., Ltd. (TSE:3288) completed the acquisition of 31.32% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥51.9 billion on February 26, 2025.
Reported Earnings • Feb 15First quarter 2025 earnings released: EPS: JP¥31.44 (vs JP¥76.99 in 1Q 2024)First quarter 2025 results: EPS: JP¥31.44 (down from JP¥76.99 in 1Q 2024). Revenue: JP¥42.9b (up 4.7% from 1Q 2024). Net income: JP¥2.18b (down 59% from 1Q 2024). Profit margin: 5.1% (down from 13% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Japan are expected to remain flat.
공시 • Jan 17Pressance Corporation to Report Q1, 2025 Results on Feb 13, 2025Pressance Corporation announced that they will report Q1, 2025 results on Feb 13, 2025
New Risk • Jan 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% 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: Major Risks Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change).
Valuation Update With 7 Day Price Move • Jan 14Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥2,357, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 18% over the past three years.
공시 • Jan 11Open House Group Co., Ltd. (TSE:3288) proposed to acquire remaining 36.58% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥60.7 billion.Open House Group Co., Ltd. (TSE:3288) proposed to acquire remaining 36.58% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥60.7 billion on January 10, 2025. A cash consideration of ¥60.68 billion valued at ¥2390 per share will be paid by Open House Group Co., Ltd. As part of consideration, ¥60.68 billion is paid towards common equity of Pressance Corporation. The transaction will be financed through senior debt of ¥60.68 billion from from Sumitomo Mitsui Banking Corp. Tender Offeror will implement the Squeeze-Out Procedure with the aim of making the Tender Offeror the only shareholder of the Target Company. The transaction is subject to approval of merger agreement by target board, consummation of due diligence investigation and minimum tender. The Board of Directors of Pressance Corporation formed a special committee for the transaction. The deal has been unanimously approved by the board. The expected completion of the transaction is February 26, 2025. SMBC Nikko Securities Inc. acted as financial advisor for Open House Group Co., Ltd. Nagashima Ohno & Tsunematsu acted as legal advisor for Open House Group Co., Ltd. Mizuho Securities Co., Ltd. acted as financial advisor for Pressance Corporation. Mizuho Securities Co., Ltd. acted as fairness opinion provider for Pressance Corporation. Anderson Mori & Tomotsune LPC acted as legal advisor for Pressance Corporation.
분석 기사 • Jan 06Pressance (TSE:3254) Is Due To Pay A Dividend Of ¥24.00The board of Pressance Corporation ( TSE:3254 ) has announced that it will pay a dividend on the 4th of June, with...
Declared Dividend • Jan 06Final dividend of JP¥24.00 announcedShareholders will receive a dividend of JP¥24.00. Ex-date: 28th March 2025 Payment date: 4th June 2025 Dividend yield will be 2.5%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 9.7% over the next 3 years. However, it would need to fall by 84% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Dec 28Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥304 (up from JP¥255 in FY 2023). Revenue: JP¥180.7b (up 12% from FY 2023). Net income: JP¥21.0b (up 20% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Price Target Changed • Dec 12Price target increased by 9.4% to JP¥1,750Up from JP¥1,600, the current price target is provided by 1 analyst. New target price is 9.9% below last closing price of JP¥1,943. Stock is up 26% over the past year. The company is forecast to post earnings per share of JP¥228 for next year compared to JP¥304 last year.
분석 기사 • Nov 25Pressance's (TSE:3254) Profits Appear To Have Quality IssuesPressance Corporation's ( TSE:3254 ) stock didn't jump after it announced some healthy earnings. We did some digging...
New Risk • Nov 24New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 8.7% per year for the foreseeable future. High level of non-cash earnings (26% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
공시 • Nov 14Pressance Corporation, Annual General Meeting, Dec 20, 2024Pressance Corporation, Annual General Meeting, Dec 20, 2024.
분석 기사 • Oct 23Pressance Corporation's (TSE:3254) Share Price Is Matching Sentiment Around Its EarningsWith a price-to-earnings (or "P/E") ratio of 7.2x Pressance Corporation ( TSE:3254 ) may be sending bullish signals at...
Upcoming Dividend • Sep 20Upcoming dividend of JP¥23.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 18 December 2024. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.8%).
분석 기사 • Sep 19Pressance (TSE:3254) Is Increasing Its Dividend To ¥23.00Pressance Corporation's ( TSE:3254 ) dividend will be increasing from last year's payment of the same period to ¥23.00...
공시 • Sep 19Pressance Corporation to Report Fiscal Year 2024 Results on Nov 14, 2024Pressance Corporation announced that they will report fiscal year 2024 results on Nov 14, 2024
Reported Earnings • Aug 18Third quarter 2024 earnings released: EPS: JP¥46.65 (vs JP¥51.98 in 3Q 2023)Third quarter 2024 results: EPS: JP¥46.65 (down from JP¥51.98 in 3Q 2023). Revenue: JP¥33.1b (down 6.8% from 3Q 2023). Net income: JP¥3.23b (down 9.7% from 3Q 2023). Profit margin: 9.7% (in line with 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year.
분석 기사 • Aug 15Pressance (TSE:3254) Is Increasing Its Dividend To ¥23.00The board of Pressance Corporation ( TSE:3254 ) has announced that it will be increasing its dividend by 9.5% on the...
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥1,695, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 10% over the past three years.
분석 기사 • Aug 01Pressance (TSE:3254) Seems To Use Debt Quite SensiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
공시 • Jun 02Pressance Corporation to Report Q3, 2024 Results on Aug 13, 2024Pressance Corporation announced that they will report Q3, 2024 results on Aug 13, 2024
New Risk • May 31New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. High level of non-cash earnings (29% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • May 20Second quarter 2024 earnings released: EPS: JP¥84.86 (vs JP¥83.49 in 2Q 2023)Second quarter 2024 results: EPS: JP¥84.86 (up from JP¥83.49 in 2Q 2023). Revenue: JP¥41.9b (down 9.8% from 2Q 2023). Net income: JP¥5.87b (up 2.2% from 2Q 2023). Profit margin: 14% (up from 12% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has remained flat.
Declared Dividend • May 17Dividend of JP¥21.00 announcedShareholders will receive a dividend of JP¥21.00. Ex-date: 27th September 2024 Payment date: 18th December 2024 Dividend yield will be 2.4%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
분석 기사 • Apr 26Does Pressance (TSE:3254) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
분석 기사 • Mar 25Pressance's (TSE:3254) Dividend Will Be ¥21.00Pressance Corporation's ( TSE:3254 ) investors are due to receive a payment of ¥21.00 per share on 3rd of June. This...
공시 • Mar 24Pressance Corporation to Report Q2, 2024 Results on May 15, 2024Pressance Corporation announced that they will report Q2, 2024 results on May 15, 2024
Upcoming Dividend • Mar 21Upcoming dividend of JP¥21.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.6%).
분석 기사 • Feb 28Pressance (TSE:3254) Has Announced A Dividend Of ¥21.00The board of Pressance Corporation ( TSE:3254 ) has announced that it will pay a dividend on the 3rd of June, with...
Reported Earnings • Feb 16First quarter 2024 earnings released: EPS: JP¥76.99 (vs JP¥68.30 in 1Q 2023)First quarter 2024 results: EPS: JP¥76.99 (up from JP¥68.30 in 1Q 2023). Revenue: JP¥41.0b (up 4.6% from 1Q 2023). Net income: JP¥5.32b (up 13% from 1Q 2023). Profit margin: 13% (up from 12% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
공시 • Jan 09Pressance Corporation to Report Q1, 2024 Results on Feb 14, 2024Pressance Corporation announced that they will report Q1, 2024 results on Feb 14, 2024
New Risk • Nov 21New major risk - Revenue and earnings growthEarnings have declined by 4.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.2% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Nov 18Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥255 (up from JP¥206 in FY 2022). Revenue: JP¥161.3b (up 11% from FY 2022). Net income: JP¥17.5b (up 24% from FY 2022). Profit margin: 11% (up from 9.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.4%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Consumer Durables industry in Japan. 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.
공시 • Nov 17Pressance Corporation, Annual General Meeting, Dec 15, 2023Pressance Corporation, Annual General Meeting, Dec 15, 2023.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥21.00 per share at 2.0% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 19 December 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.6%).
공시 • Sep 02Pressance Corporation to Report Fiscal Year 2023 Results on Nov 14, 2023Pressance Corporation announced that they will report fiscal year 2023 results on Nov 14, 2023
Reported Earnings • Aug 16Third quarter 2023 earnings released: EPS: JP¥51.98 (vs JP¥66.43 in 3Q 2022)Third quarter 2023 results: EPS: JP¥51.98 (down from JP¥66.43 in 3Q 2022). Revenue: JP¥35.6b (down 12% from 3Q 2022). Net income: JP¥3.57b (down 22% from 3Q 2022). Profit margin: 10% (down from 11% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
공시 • Jun 15Pressance Corporation to Report Q3, 2023 Results on Aug 14, 2023Pressance Corporation announced that they will report Q3, 2023 results on Aug 14, 2023
Reported Earnings • May 21Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: JP¥83.49 (up from JP¥67.08 in 2Q 2022). Revenue: JP¥46.5b (down 6.8% from 2Q 2022). Net income: JP¥5.74b (up 26% from 2Q 2022). Profit margin: 12% (up from 9.1% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) exceeded analyst estimates by 43%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥19.00 per share at 2.2% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 02 June 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%).
Reported Earnings • Feb 17First quarter 2023 earnings released: EPS: JP¥68.30 (vs JP¥67.08 in 1Q 2022)First quarter 2023 results: EPS: JP¥68.30 (up from JP¥67.08 in 1Q 2022). Revenue: JP¥39.2b (down 22% from 1Q 2022). Net income: JP¥4.69b (up 2.9% from 1Q 2022). Profit margin: 12% (up from 9.1% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Consumer Durables industry in Japan. 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 10% per year, which means it is well ahead of earnings.
공시 • Dec 15Pressance Corporation to Report Q1, 2023 Results on Feb 14, 2023Pressance Corporation announced that they will report Q1, 2023 results on Feb 14, 2023
공시 • Nov 23+ 2 more updatesPressance Corporation Provides Dividend Guidance for the Second Quarter of Fiscal Year Ending September 30, 2023Pressance Corporation provided dividend guidance for the second quarter of fiscal year ending September 30, 2023. For the quarter, the company expects to pay dividend of JPY 19.00 per share against JPY 16.00 per share paid a year ago.
공시 • Nov 16Pressance Corporation, Annual General Meeting, Dec 16, 2022Pressance Corporation, Annual General Meeting, Dec 16, 2022.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 2 highly experienced directors. 1 independent director (9 non-independent directors). Independent External Director Toshiyuki Yukami was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Sep 25Pressance Corporation to Report Fiscal Year 2022 Results on Nov 14, 2022Pressance Corporation announced that they will report fiscal year 2022 results on Nov 14, 2022
Upcoming Dividend • Sep 22Upcoming dividend of JP¥19.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 20 December 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.9%).
공시 • Aug 23+ 1 more updatePressance Corporation Provides Consolidated Dividend Guidance for the Fiscal Year Ending September 30, 2022Pressance Corporation provided consolidated dividend guidance for the fiscal year ending September 30, 2022. For the year, the company expects dividend of JPY 19.00 per share against JPY 16.00 per share paid a year ago.
공시 • Jun 23Pressance Corporation to Report Q3, 2022 Results on Aug 12, 2022Pressance Corporation announced that they will report Q3, 2022 results on Aug 12, 2022
공시 • May 24+ 1 more updatePressance Corporation Announces Second Quarter-End Dividend for the Fiscal Year Ending September 30, 2022, Payable on June 2, 2022Pressance Corporation announced second quarter-end dividend for the fiscal year ending September 30, 2022. For the second quarter-end, the company announced to pay dividend of JPY 16.00 per share. Scheduled date of start of dividend payment: June 2, 2022.
Price Target Changed • Apr 27Price target increased to JP¥1,800Up from JP¥1,600, the current price target is provided by 1 analyst. New target price is 19% above last closing price of JP¥1,518. Stock is down 5.1% over the past year. The company posted earnings per share of JP¥315 last year.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 2 highly experienced directors. 1 independent director (9 non-independent directors). Independent External Director Toshiyuki Yukami was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Apr 07Pressance Corporation to Report Q2, 2022 Results on May 13, 2022Pressance Corporation announced that they will report Q2, 2022 results on May 13, 2022
Reported Earnings • Feb 20Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: JP¥58.41 (down from JP¥94.00 in 3Q 2021). Revenue: JP¥37.0b (down 37% from 3Q 2021). Net income: JP¥3.98b (down 34% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021). Revenue missed analyst estimates by 15%. Earnings per share (EPS) exceeded analyst estimates by 2.5%. Over the next year, revenue is expected to shrink by 20% compared to a 5.0% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Price Target Changed • Dec 10Price target increased to JP¥1,800Up from JP¥1,600, the current price target is provided by 1 analyst. New target price is 7.2% below last closing price of JP¥1,940. Stock is up 11% over the past year. The company posted earnings per share of JP¥315 last year.
Reported Earnings • Nov 15Second quarter 2022 earnings released: EPS JP¥55.79 (vs JP¥71.20 in 2Q 2021)The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2022 results: Revenue: JP¥45.8b (down 34% from 2Q 2021). Net income: JP¥3.79b (down 17% from 2Q 2021). Profit margin: 8.3% (up from 6.6% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Sep 10Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥1,936, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Consumer Durables industry in Japan. Total returns to shareholders of 52% over the past three years.
공시 • Aug 21Pressance Corporation Provides Consolidated Earnings Guidance for the Full Year Ending September 30, 2021Pressance Corporation provided consolidated earnings guidance for the full year ending September 30, 2021. For the period, the company expected net sales of JPY 95,203 million, operating profit of JPY 11,883 million, profit attributable to owners of parent of JPY 7,791 million and basic earnings per share of JPY 114.62.
Executive Departure • Jul 01External Director Hakaru Nakabayashi has left the companyOn the 25th of June, Hakaru Nakabayashi's tenure as External Director ended after 6.1 years in the role. We don't have any record of a personal shareholding under Hakaru's name. Hakaru is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.17 years.
공시 • May 25+ 2 more updatesPressance Corporation Co. Ltd. Provides Year End Dividend Guidance for the Year Ending September 30, 2021Pressance Corporation Co. Ltd. provided year end dividend guidance of JPY 16.0 for the year ending September 30, 2021 against JPY 16.0 per share paid a year ago.
Reported Earnings • May 18Full year 2021 earnings released: EPS JP¥315 (vs JP¥347 in FY 2020)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥243.8b (up 8.8% from FY 2020). Net income: JP¥20.5b (down 6.2% from FY 2020). Profit margin: 8.4% (down from 9.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥16.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.3%).
Reported Earnings • Feb 14Third quarter 2021 earnings released: EPS JP¥94.00 (vs JP¥84.77 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥59.0b (up 1.3% from 3Q 2020). Net income: JP¥6.06b (up 13% from 3Q 2020). Profit margin: 10% (up from 9.2% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year.
Analyst Estimate Surprise Post Earnings • Feb 14Revenue beats expectationsRevenue exceeded analyst estimates by 92%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is expected to shrink by 20% compared to a 5.5% growth forecast for the Consumer Durables industry in Japan.
공시 • Jan 20Pressance Corporation announced that it has received ¥5.0000001 billion in funding from Open House Co., Ltd.On January 19, 2021, Pressance Corporation (TSE:3254) closed the transaction.
공시 • Jan 07Pressance Corporation to Report Q3, 2021 Results on Feb 12, 2021Pressance Corporation announced that they will report Q3, 2021 results on Feb 12, 2021
Price Target Changed • Dec 01Price target lowered to JP¥1,350Down from JP¥1,790, the current price target is provided by 1 analyst. The new target price is 23% below the current share price of JP¥1,754. As of last close, the stock is up 0.1% over the past year.
공시 • Nov 14Pressance Corporation announced that it expects to receive ¥5.0000001 billion in funding from Open House Co., Ltd.Pressance Corporation (TSE:3254) announced a private placement of 3,508,772 common shares at a price of ¥1,425 for gross proceeds of ¥5,000,000,100 on November 13, 2020. The transaction will include participation from returning investor, Open House Co., Ltd. The company issued the shares through third party capital allotment subject to the effect of the securities registration statement based on the Financial Instruments and Exchange Act. The payment period will be between January 15, 2021 and January 19, 2021
공시 • Sep 19Pressance Corporation to Report Q2, 2021 Results on Nov 13, 2020Pressance Corporation announced that they will report Q2, 2021 results on Nov 13, 2020
공시 • Aug 21Pressance Corporation Provides Earnings Guidance for the Half Year of Fiscal 2021; Omits to Provide Earnings Guidance for the Full Year Ending March 31, 2021Pressance Corporation provides earnings guidance for the half year of fiscal 2021 and omits to provide for the full year ending March 31, 2021. For the half year, the company expects net sales to be JPY 102,288 million, operating profit to be JPY 16,080 million, profit attributable to the owners of the parent to be JPY 10,665 million or JPY 165.79 per basic share. For the full fiscal year ending March 31, 2021, the consolidated results forecasts are not provided given that, at the time of disclosure, it is difficult to rationally estimate the impact of the future influence of the virus outbreak and the timing of when the epidemic will dissipate. At the point when estimation becomes possible, the Company will promptly release the full year forecasts.