View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active.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 EventsDescente 향후 성장Future 기준 점검 2/6Descente (는) 각각 연간 14.8% 및 2.9% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 14.8% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 13% 로 예상됩니다.핵심 정보14.8%이익 성장률14.84%EPS 성장률Luxury 이익 성장11.9%매출 성장률2.9%향후 자기자본이익률13.01%애널리스트 커버리지Low마지막 업데이트24 Jan 2025최근 향후 성장 업데이트Price Target Changed • Sep 21Price target increased by 8.3% to JP¥5,633Up from JP¥5,200, the current price target is an average from 3 analysts. New target price is 45% above last closing price of JP¥3,885. Stock is up 11% over the past year. The company is forecast to post earnings per share of JP¥172 for next year compared to JP¥140 last year.모든 업데이트 보기Recent updates공시 • Jan 24Descente Ltd.(TSE:8114) dropped from FTSE All-World Index (USD)Descente Ltd.(TSE:8114) dropped from FTSE All-World Index (USD)공시 • Dec 27Descente Ltd. to Delist from Prime Section of the Tokyo Stock Exchange, Effective January 24, 2025Descente Ltd. will be delisted from Prime Section of the Tokyo Stock Exchange effective from January 24, 2025, due to Reverse stock split.Reported Earnings • Nov 09Second quarter 2025 earnings released: EPS: JP¥46.31 (vs JP¥32.85 in 2Q 2024)Second quarter 2025 results: EPS: JP¥46.31 (up from JP¥32.85 in 2Q 2024). Revenue: JP¥35.3b (up 7.7% from 2Q 2024). Net income: JP¥3.50b (up 41% from 2Q 2024). Profit margin: 9.9% (up from 7.6% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.공시 • Oct 31BS Investment Corporation Completed the acquisition of remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders.BS Investment Corporation proposed to acquire remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders for approximately ¥180 billion on August 5, 2024. A cash consideration of ¥182.62 billion will be paid by BS Investment Corporation at a price of ¥4,350 per share. The transaction is subject to minimum tender of 16,793,700 shares. The transaction is subject to approval of merger agreement by board of Descente and subject to antitrust regulations. Nomura Securities Co., Ltd. acted as financial advisor for BS Investment Corporation. Nagashima Ohno & Tsunematsu acted as legal advisor for BS Investment Corporation. Mori Hamada & Matsumoto LPC acted as legal advisor for Descente Ltd. Daiwa Securities Co. Ltd. acted as financial advisor for Descente Ltd. Anderson Mori & Tomotsune LPC acted as legal advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as financial advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as due diligence provider for Descente Ltd. Daiwa Securities Co. Ltd. acted as fairness opinion provider for Descente Ltd. BS Investment Corporation Completed the acquisition of remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders on October 29, 2024.공시 • Sep 27Descente Ltd. to Report Q2, 2025 Results on Nov 08, 2024Descente Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024Reported Earnings • Aug 07First quarter 2025 earnings released: EPS: JP¥36.26 (vs JP¥42.26 in 1Q 2024)First quarter 2025 results: EPS: JP¥36.26 (down from JP¥42.26 in 1Q 2024). Revenue: JP¥27.5b (up 1.2% from 1Q 2024). Net income: JP¥2.74b (down 14% from 1Q 2024). Profit margin: 10.0% (down from 12% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.공시 • Aug 06BS Investment Corporation proposed to acquire remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders for approximately ¥180 billion.BS Investment Corporation proposed to acquire remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders for approximately ¥180 billion on August 5, 2024. A cash consideration of ¥182.62 billion will be paid by BS Investment Corporation at a price of ¥4,350 per share. The transaction is subject to minimum tender of 16,793,700 shares. The transaction is subject to approval of merger agreement by board of Descente and subject to antitrust regulations. Nomura Securities Co., Ltd. acted as financial advisor for BS Investment Corporation. Nagashima Ohno & Tsunematsu acted as legal advisor for BS Investment Corporation. Mori Hamada & Matsumoto LPC acted as legal advisor for Descente Ltd. Daiwa Securities Co. Ltd. acted as financial advisor for Descente Ltd. Anderson Mori & Tomotsune LPC acted as legal advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as financial advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as due diligence provider for Descente Ltd. Daiwa Securities Co. Ltd. acted as fairness opinion provider for Descente Ltd.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥3,365, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Luxury industry in Japan. Total returns to shareholders of 9.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,423 per share.분석 기사 • Aug 03There Are Reasons To Feel Uneasy About Descente's (TSE:8114) Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Reported Earnings • Jun 16Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥159 (up from JP¥140 in FY 2023). Revenue: JP¥127.0b (up 5.3% from FY 2023). Net income: JP¥12.0b (up 14% from FY 2023). Profit margin: 9.5% (in line with FY 2023). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.공시 • Jun 13Descente Ltd. to Report Q1, 2025 Results on Aug 09, 2024Descente Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024분석 기사 • May 22Descente (TSE:8114) Seems To Use Debt Rather SparinglyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Buy Or Sell Opportunity • May 17Now 22% undervaluedOver the last 90 days, the stock has risen 6.8% to JP¥3,445. The fair value is estimated to be JP¥4,408, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.Reported Earnings • May 16Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥159 (up from JP¥140 in FY 2023). Revenue: JP¥127.0b (up 5.3% from FY 2023). Net income: JP¥12.0b (up 14% from FY 2023). Profit margin: 9.5% (in line with FY 2023). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 24% per year.공시 • May 15Descente Ltd., Annual General Meeting, Jun 13, 2024Descente Ltd., Annual General Meeting, Jun 13, 2024.분석 기사 • Apr 30Descente Ltd.'s (TSE:8114) Share Price Matching Investor OpinionWith a price-to-earnings (or "P/E") ratio of 30.9x Descente Ltd. ( TSE:8114 ) may be sending very bearish signals at...Upcoming Dividend • Mar 21Upcoming dividend of JP¥44.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 17 June 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.7%).Buy Or Sell Opportunity • Mar 21Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.7% to JP¥3,485. The fair value is estimated to be JP¥4,423, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.공시 • Mar 02Descente Ltd. to Report Fiscal Year 2024 Results on May 13, 2024Descente Ltd. announced that they will report fiscal year 2024 results on May 13, 2024Reported Earnings • Feb 08Third quarter 2024 earnings released: EPS: JP¥35.37 (vs JP¥66.75 in 3Q 2023)Third quarter 2024 results: EPS: JP¥35.37 (down from JP¥66.75 in 3Q 2023). Revenue: JP¥30.1b (up 4.2% from 3Q 2023). Net income: JP¥2.67b (down 47% from 3Q 2023). Profit margin: 8.9% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Dec 05Now 21% undervaluedOver the last 90 days, the stock is up 10%. The fair value is estimated to be JP¥5,094, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings is also forecast to grow by 17% per annum over the same time period.공시 • Nov 17Descente Ltd. to Report Q3, 2024 Results on Feb 05, 2024Descente Ltd. announced that they will report Q3, 2024 results on Feb 05, 2024Reported Earnings • Nov 08Second quarter 2024 earnings released: EPS: JP¥32.85 (vs JP¥36.81 in 2Q 2023)Second quarter 2024 results: EPS: JP¥32.85 (down from JP¥36.81 in 2Q 2023). Revenue: JP¥32.8b (up 6.6% from 2Q 2023). Net income: JP¥2.48b (down 11% from 2Q 2023). Profit margin: 7.6% (down from 9.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.Price Target Changed • Sep 21Price target increased by 8.3% to JP¥5,633Up from JP¥5,200, the current price target is an average from 3 analysts. New target price is 45% above last closing price of JP¥3,885. Stock is up 11% over the past year. The company is forecast to post earnings per share of JP¥172 for next year compared to JP¥140 last year.공시 • Aug 27Descente Ltd. to Report Q2, 2024 Results on Nov 07, 2023Descente Ltd. announced that they will report Q2, 2024 results on Nov 07, 2023Reported Earnings • Aug 12First quarter 2024 earnings released: EPS: JP¥42.26 (vs JP¥31.17 in 1Q 2023)First quarter 2024 results: EPS: JP¥42.26 (up from JP¥31.17 in 1Q 2023). Revenue: JP¥27.2b (up 2.8% from 1Q 2023). Net income: JP¥3.19b (up 36% from 1Q 2023). Profit margin: 12% (up from 8.9% in 1Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.공시 • Jun 28Descente Ltd. to Report Q1, 2024 Results on Aug 10, 2023Descente Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023Reported Earnings • Jun 18Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: JP¥140 (up from JP¥82.53 in FY 2022). Revenue: JP¥120.6b (up 11% from FY 2022). Net income: JP¥10.6b (up 69% from FY 2022). Profit margin: 8.7% (up from 5.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 19Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: JP¥140 (up from JP¥82.53 in FY 2022). Revenue: JP¥120.6b (up 11% from FY 2022). Net income: JP¥10.6b (up 69% from FY 2022). Profit margin: 8.7% (up from 5.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.공시 • May 17Descente Ltd., Annual General Meeting, Jun 15, 2023Descente Ltd., Annual General Meeting, Jun 15, 2023.Upcoming Dividend • Mar 23Upcoming dividend of JP¥40.00 per share at 1.0% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 19 June 2023. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.9%).Reported Earnings • Feb 10Third quarter 2023 earnings released: EPS: JP¥66.75 (vs JP¥32.66 in 3Q 2022)Third quarter 2023 results: EPS: JP¥66.75 (up from JP¥32.66 in 3Q 2022). Revenue: JP¥28.9b (up 8.0% from 3Q 2022). Net income: JP¥5.04b (up 105% from 3Q 2022). Profit margin: 17% (up from 9.2% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.공시 • Dec 21Descente Ltd. to Report Q3, 2023 Results on Feb 06, 2023Descente Ltd. announced that they will report Q3, 2023 results on Feb 06, 2023Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥36.81 (vs JP¥17.94 in 2Q 2022)Second quarter 2023 results: EPS: JP¥36.81 (up from JP¥17.94 in 2Q 2022). Revenue: JP¥30.8b (up 12% from 2Q 2022). Net income: JP¥2.78b (up 105% from 2Q 2022). Profit margin: 9.0% (up from 4.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Senior Managing Executive Officer & Director Hoon-Do Kim was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 09Second quarter 2023 earnings released: EPS: JP¥36.81 (vs JP¥17.94 in 2Q 2022)Second quarter 2023 results: EPS: JP¥36.81 (up from JP¥17.94 in 2Q 2022). Revenue: JP¥30.8b (up 12% from 2Q 2022). Net income: JP¥2.78b (up 105% from 2Q 2022). Profit margin: 9.0% (up from 4.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.공시 • Sep 01Descente Ltd. to Report Q2, 2023 Results on Nov 07, 2022Descente Ltd. announced that they will report Q2, 2023 results on Nov 07, 2022공시 • Aug 10Descente Ltd. (TSE:8114) agreed to acquire additional 10% stake in le coq sportif(Ningbo)co., ltd. from Zhejiang Trade Zone Sheng Rong Clothing Co., Ltd. for CNY 182 million.Descente Ltd. (TSE:8114) agreed to acquire additional 10% stake in le coq sportif(Ningbo)co., ltd. from Zhejiang Trade Zone Sheng Rong Clothing Co., Ltd. for CNY 182 million on August 8, 2022. For the year ended December 2021, the Total Assets were CNY 374 million, Net Worth was CNy 187 million, Sales were CNY 466 million, Operating Income was CNY 16 million and Net Income was CNY 12 million. Transaction is expected to close on October 1, 2022.Reported Earnings • Aug 09First quarter 2023 earnings released: EPS: JP¥31.17 (vs JP¥15.02 in 1Q 2022)First quarter 2023 results: EPS: JP¥31.17 (up from JP¥15.02 in 1Q 2022). Revenue: JP¥26.4b (up 18% from 1Q 2022). Net income: JP¥2.35b (up 108% from 1Q 2022). Profit margin: 8.9% (up from 5.0% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.6%, compared to a 9.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.공시 • Jun 29Descente Ltd. (TSE:8114) completed the acquisition of 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng (Shanghai) Apparel and Accessory Trading Co., Ltd.Descente Ltd. (TSE:8114) entered into an agreement to acquire a 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng (Shanghai) Apparel and Accessory Trading Co., Ltd. for CNY 22.1 million on January 7, 2022. Net asset value of Arena Shanghai as of September 30, 2021 was approximately CNY 39.44 million. The deal is expected to complete on April 1, 2022. As on April 28, 2022, Transaction Long stop date as been extended to June 30, 2022. Descente Ltd. (TSE:8114) completed the acquisition of 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng (Shanghai) Apparel and Accessory Trading Co., Ltd. on June 27, 2022.Reported Earnings • Jun 20Full year 2022 earnings released: EPS: JP¥82.53 (vs JP¥66.79 in FY 2021)Full year 2022 results: EPS: JP¥82.53 (up from JP¥66.79 in FY 2021). Revenue: JP¥108.9b (up 12% from FY 2021). Net income: JP¥6.23b (up 24% from FY 2021). Profit margin: 5.7% (up from 5.2% in FY 2021). Over the next year, revenue is forecast to grow 6.0%, compared to a 9.7% growth forecast for the industry in Japan. 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 14% per year, which means it is significantly lagging earnings growth.공시 • Jun 15Descente Ltd. to Report Q1, 2023 Results on Aug 08, 2022Descente Ltd. announced that they will report Q1, 2023 results on Aug 08, 2022Valuation Update With 7 Day Price Move • Jun 15Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to JP¥2,770, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 18x in the Luxury industry in Japan. Total returns to shareholders of 44% over the past three years.Valuation Update With 7 Day Price Move • Jun 01Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥2,774, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 17x in the Luxury industry in Japan. Total returns to shareholders of 50% over the past three years.Reported Earnings • May 16Full year 2022 earnings released: EPS: JP¥82.53 (vs JP¥66.79 in FY 2021)Full year 2022 results: EPS: JP¥82.53 (up from JP¥66.79 in FY 2021). Revenue: JP¥108.9b (up 12% from FY 2021). Net income: JP¥6.23b (up 24% from FY 2021). Profit margin: 5.7% (up from 5.2% in FY 2021). 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 10% per year, which means it is significantly lagging earnings growth.공시 • May 14Descente Ltd., Annual General Meeting, Jun 16, 2022Descente Ltd., Annual General Meeting, Jun 16, 2022.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Senior Managing Executive Officer & Director Hoon-Do Kim was the last director to join the board, commencing their role in 2014. 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 08Descente Ltd. to Report Fiscal Year 2022 Results on May 12, 2022Descente Ltd. announced that they will report fiscal year 2022 results on May 12, 2022Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥2,981, the stock trades at a trailing P/E ratio of 43.6x. Average trailing P/E is 13x in the Luxury industry in Japan. Total returns to shareholders of 5.5% over the past three years.Reported Earnings • Feb 08Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥32.66 (down from JP¥80.75 in 3Q 2021). Revenue: JP¥26.8b (up 13% from 3Q 2021). Net income: JP¥2.47b (down 60% from 3Q 2021). Profit margin: 9.2% (down from 26% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.공시 • Jan 09Descente Ltd. (TSE:8114) entered into an agreement to acquire a 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng Apparel and Accessory Trading Co., for CNY 22.1 million.Descente Ltd. (TSE:8114) entered into an agreement to acquire a 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng Apparel and Accessory Trading Co., for CNY 22.1 million on January 7, 2022. Net asset value of Arena Shanghai as of September 30, 2021 was approximately CNY 39.44 million.Reported Earnings • Nov 07Second quarter 2022 earnings released: EPS JP¥17.94 (vs JP¥9.98 in 2Q 2021)The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: JP¥27.4b (flat on 2Q 2021). Net income: JP¥1.35b (up 80% from 2Q 2021). Profit margin: 4.9% (up from 2.8% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥3,730, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 15x in the Luxury industry in Japan. Total returns to shareholders of 83% over the past three years.Reported Earnings • Aug 13First quarter 2022 earnings released: EPS JP¥15.02 (vs JP¥26.75 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥22.5b (up 45% from 1Q 2021). Net income: JP¥1.13b (up JP¥3.15b from 1Q 2021). Profit margin: 5.0% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.Reported Earnings • Jun 21Full year 2021 earnings released: EPS JP¥66.79 (vs JP¥32.89 loss in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥96.9b (down 22% from FY 2020). Net income: JP¥5.04b (up JP¥7.52b from FY 2020). Profit margin: 5.2% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥2,251, the stock trades at a trailing P/E ratio of 33.7x. Average trailing P/E is 19x in the Luxury industry in Japan. Total returns to shareholders of 7.8% over the past three years.Reported Earnings • May 19Full year 2021 earnings released: EPS JP¥66.79 (vs JP¥32.89 loss in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥96.9b (down 22% from FY 2020). Net income: JP¥5.04b (up JP¥7.52b from FY 2020). Profit margin: 5.2% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 62% 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.공시 • Mar 04Descente Ltd. to Report Fiscal Year 2021 Results on May 14, 2021Descente Ltd. announced that they will report fiscal year 2021 results on May 14, 2021Reported Earnings • Feb 07Third quarter 2021 earnings released: EPS JP¥80.75 (vs JP¥5.83 loss in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥23.7b (down 12% from 3Q 2020). Net income: JP¥6.09b (up JP¥6.53b from 3Q 2020). Profit margin: 26% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Jan 08New 90-day high: JP¥1,935The company is up 17% from its price of JP¥1,648 on 09 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is flat over the same period.Is New 90 Day High Low • Dec 21New 90-day high: JP¥1,922The company is up 6.0% from its price of JP¥1,811 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is up 3.0% over the same period.공시 • Nov 29Descente Ltd. to Report Q3, 2021 Results on Feb 05, 2021Descente Ltd. announced that they will report Q3, 2021 results on Feb 05, 2021공시 • Nov 25Descente to Be Deleted from Other OTCDescente Ltd.’s SHS (Japan) will be deleted from other OTC effective November 24, 2020. The deletion is due to Inactive Security.공시 • Oct 10Descente Ltd. to Report Q2, 2021 Results on Nov 06, 2020Descente Ltd. announced that they will report Q2, 2021 results on Nov 06, 2020공시 • Jun 28Descente Ltd. to Report Q1, 2021 Results on Aug 05, 2020Descente Ltd. announced that they will report Q1, 2021 results on Aug 05, 2020이익 및 매출 성장 예측TSE:8114 - 애널리스트 향후 추정치 및 과거 재무 데이터 (JPY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수3/31/2027140,14918,236N/AN/A13/31/2026135,96915,935N/AN/A13/31/2025132,92913,799N/AN/A19/30/2024129,82212,5805,4669,449N/A6/30/2024127,30911,562N/AN/AN/A3/31/2024126,98912,0144,4247,392N/A12/31/2023124,6158,722N/AN/AN/A9/30/2023123,38911,0905,8158,433N/A6/30/2023121,35111,388N/AN/AN/A3/31/2023120,61410,55011,26812,906N/A12/31/2022118,31011,449N/AN/AN/A9/30/2022116,1768,87411,73113,301N/A6/30/2022112,8367,449N/AN/AN/A3/31/2022108,8926,22911,69613,515N/A12/31/2021106,9055,163N/AN/AN/A9/30/2021103,8918,7919,55710,885N/A6/30/2021103,7908,190N/AN/AN/A3/31/202196,8625,0396542,393N/A12/31/202098,331577N/AN/AN/A9/30/2020101,532-5,956-8,239-4,671N/A6/30/2020110,635-4,853N/AN/AN/A3/31/2020124,561-2,481-1,2002,371N/A12/31/2019134,3962,882N/AN/AN/A9/30/2019141,6013,8638,01512,287N/A6/30/2019141,1463,323N/AN/AN/A3/31/2019142,4433,9444,46311,137N/A12/31/2018143,1414,773N/AN/AN/A9/30/2018141,9335,6224,20811,396N/A6/30/2018141,7205,982N/AN/AN/A3/31/2018141,1245,771N/A12,523N/A12/31/2017137,5915,304N/AN/AN/A9/30/2017134,9745,412N/A7,298N/A6/30/2017133,7885,369N/AN/AN/A3/31/2017131,5435,650N/A5,520N/A12/31/2016131,8006,276N/AN/AN/A9/30/2016133,3666,827N/A7,402N/A6/30/2016134,7247,751N/AN/AN/A3/31/2016135,7787,870N/A9,883N/A12/31/2015133,6218,193N/AN/AN/A9/30/2015130,9347,509N/A9,037N/A6/30/2015128,7087,664N/AN/AN/A3/31/2015123,1286,563N/A10,310N/A12/31/2014120,3485,871N/AN/AN/A9/30/2014116,8915,432N/A10,052N/A6/30/2014113,2334,555N/AN/AN/A3/31/2014109,9444,470N/A3,976N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 8114 의 연간 예상 수익 증가율(14.8%)이 saving rate(0.3%)보다 높습니다.수익 vs 시장: 8114 의 연간 수익(14.8%)이 JP 시장(8.6%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 8114 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 8114 의 수익(연간 2.9%)이 JP 시장(연간 5.3%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 8114 의 수익(연간 2.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 8114의 자본 수익률은 3년 후 13%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YConsumer-durables 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2025/01/27 20:54종가2025/01/23 00:00수익2024/09/30연간 수익2024/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Descente Ltd.는 2명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Arashi NishizawaBofA Global ResearchYasuhiro NaritaNomura Securities Co. Ltd.
Price Target Changed • Sep 21Price target increased by 8.3% to JP¥5,633Up from JP¥5,200, the current price target is an average from 3 analysts. New target price is 45% above last closing price of JP¥3,885. Stock is up 11% over the past year. The company is forecast to post earnings per share of JP¥172 for next year compared to JP¥140 last year.
공시 • Jan 24Descente Ltd.(TSE:8114) dropped from FTSE All-World Index (USD)Descente Ltd.(TSE:8114) dropped from FTSE All-World Index (USD)
공시 • Dec 27Descente Ltd. to Delist from Prime Section of the Tokyo Stock Exchange, Effective January 24, 2025Descente Ltd. will be delisted from Prime Section of the Tokyo Stock Exchange effective from January 24, 2025, due to Reverse stock split.
Reported Earnings • Nov 09Second quarter 2025 earnings released: EPS: JP¥46.31 (vs JP¥32.85 in 2Q 2024)Second quarter 2025 results: EPS: JP¥46.31 (up from JP¥32.85 in 2Q 2024). Revenue: JP¥35.3b (up 7.7% from 2Q 2024). Net income: JP¥3.50b (up 41% from 2Q 2024). Profit margin: 9.9% (up from 7.6% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
공시 • Oct 31BS Investment Corporation Completed the acquisition of remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders.BS Investment Corporation proposed to acquire remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders for approximately ¥180 billion on August 5, 2024. A cash consideration of ¥182.62 billion will be paid by BS Investment Corporation at a price of ¥4,350 per share. The transaction is subject to minimum tender of 16,793,700 shares. The transaction is subject to approval of merger agreement by board of Descente and subject to antitrust regulations. Nomura Securities Co., Ltd. acted as financial advisor for BS Investment Corporation. Nagashima Ohno & Tsunematsu acted as legal advisor for BS Investment Corporation. Mori Hamada & Matsumoto LPC acted as legal advisor for Descente Ltd. Daiwa Securities Co. Ltd. acted as financial advisor for Descente Ltd. Anderson Mori & Tomotsune LPC acted as legal advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as financial advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as due diligence provider for Descente Ltd. Daiwa Securities Co. Ltd. acted as fairness opinion provider for Descente Ltd. BS Investment Corporation Completed the acquisition of remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders on October 29, 2024.
공시 • Sep 27Descente Ltd. to Report Q2, 2025 Results on Nov 08, 2024Descente Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024
Reported Earnings • Aug 07First quarter 2025 earnings released: EPS: JP¥36.26 (vs JP¥42.26 in 1Q 2024)First quarter 2025 results: EPS: JP¥36.26 (down from JP¥42.26 in 1Q 2024). Revenue: JP¥27.5b (up 1.2% from 1Q 2024). Net income: JP¥2.74b (down 14% from 1Q 2024). Profit margin: 10.0% (down from 12% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
공시 • Aug 06BS Investment Corporation proposed to acquire remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders for approximately ¥180 billion.BS Investment Corporation proposed to acquire remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders for approximately ¥180 billion on August 5, 2024. A cash consideration of ¥182.62 billion will be paid by BS Investment Corporation at a price of ¥4,350 per share. The transaction is subject to minimum tender of 16,793,700 shares. The transaction is subject to approval of merger agreement by board of Descente and subject to antitrust regulations. Nomura Securities Co., Ltd. acted as financial advisor for BS Investment Corporation. Nagashima Ohno & Tsunematsu acted as legal advisor for BS Investment Corporation. Mori Hamada & Matsumoto LPC acted as legal advisor for Descente Ltd. Daiwa Securities Co. Ltd. acted as financial advisor for Descente Ltd. Anderson Mori & Tomotsune LPC acted as legal advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as financial advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as due diligence provider for Descente Ltd. Daiwa Securities Co. Ltd. acted as fairness opinion provider for Descente Ltd.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥3,365, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Luxury industry in Japan. Total returns to shareholders of 9.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,423 per share.
분석 기사 • Aug 03There Are Reasons To Feel Uneasy About Descente's (TSE:8114) Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Reported Earnings • Jun 16Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥159 (up from JP¥140 in FY 2023). Revenue: JP¥127.0b (up 5.3% from FY 2023). Net income: JP¥12.0b (up 14% from FY 2023). Profit margin: 9.5% (in line with FY 2023). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
공시 • Jun 13Descente Ltd. to Report Q1, 2025 Results on Aug 09, 2024Descente Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024
분석 기사 • May 22Descente (TSE:8114) Seems To Use Debt Rather SparinglyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Buy Or Sell Opportunity • May 17Now 22% undervaluedOver the last 90 days, the stock has risen 6.8% to JP¥3,445. The fair value is estimated to be JP¥4,408, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.
Reported Earnings • May 16Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥159 (up from JP¥140 in FY 2023). Revenue: JP¥127.0b (up 5.3% from FY 2023). Net income: JP¥12.0b (up 14% from FY 2023). Profit margin: 9.5% (in line with FY 2023). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 24% per year.
공시 • May 15Descente Ltd., Annual General Meeting, Jun 13, 2024Descente Ltd., Annual General Meeting, Jun 13, 2024.
분석 기사 • Apr 30Descente Ltd.'s (TSE:8114) Share Price Matching Investor OpinionWith a price-to-earnings (or "P/E") ratio of 30.9x Descente Ltd. ( TSE:8114 ) may be sending very bearish signals at...
Upcoming Dividend • Mar 21Upcoming dividend of JP¥44.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 17 June 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.7%).
Buy Or Sell Opportunity • Mar 21Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.7% to JP¥3,485. The fair value is estimated to be JP¥4,423, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 17% per annum over the same time period.
공시 • Mar 02Descente Ltd. to Report Fiscal Year 2024 Results on May 13, 2024Descente Ltd. announced that they will report fiscal year 2024 results on May 13, 2024
Reported Earnings • Feb 08Third quarter 2024 earnings released: EPS: JP¥35.37 (vs JP¥66.75 in 3Q 2023)Third quarter 2024 results: EPS: JP¥35.37 (down from JP¥66.75 in 3Q 2023). Revenue: JP¥30.1b (up 4.2% from 3Q 2023). Net income: JP¥2.67b (down 47% from 3Q 2023). Profit margin: 8.9% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Dec 05Now 21% undervaluedOver the last 90 days, the stock is up 10%. The fair value is estimated to be JP¥5,094, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings is also forecast to grow by 17% per annum over the same time period.
공시 • Nov 17Descente Ltd. to Report Q3, 2024 Results on Feb 05, 2024Descente Ltd. announced that they will report Q3, 2024 results on Feb 05, 2024
Reported Earnings • Nov 08Second quarter 2024 earnings released: EPS: JP¥32.85 (vs JP¥36.81 in 2Q 2023)Second quarter 2024 results: EPS: JP¥32.85 (down from JP¥36.81 in 2Q 2023). Revenue: JP¥32.8b (up 6.6% from 2Q 2023). Net income: JP¥2.48b (down 11% from 2Q 2023). Profit margin: 7.6% (down from 9.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Sep 21Price target increased by 8.3% to JP¥5,633Up from JP¥5,200, the current price target is an average from 3 analysts. New target price is 45% above last closing price of JP¥3,885. Stock is up 11% over the past year. The company is forecast to post earnings per share of JP¥172 for next year compared to JP¥140 last year.
공시 • Aug 27Descente Ltd. to Report Q2, 2024 Results on Nov 07, 2023Descente Ltd. announced that they will report Q2, 2024 results on Nov 07, 2023
Reported Earnings • Aug 12First quarter 2024 earnings released: EPS: JP¥42.26 (vs JP¥31.17 in 1Q 2023)First quarter 2024 results: EPS: JP¥42.26 (up from JP¥31.17 in 1Q 2023). Revenue: JP¥27.2b (up 2.8% from 1Q 2023). Net income: JP¥3.19b (up 36% from 1Q 2023). Profit margin: 12% (up from 8.9% in 1Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
공시 • Jun 28Descente Ltd. to Report Q1, 2024 Results on Aug 10, 2023Descente Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023
Reported Earnings • Jun 18Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: JP¥140 (up from JP¥82.53 in FY 2022). Revenue: JP¥120.6b (up 11% from FY 2022). Net income: JP¥10.6b (up 69% from FY 2022). Profit margin: 8.7% (up from 5.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 19Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: JP¥140 (up from JP¥82.53 in FY 2022). Revenue: JP¥120.6b (up 11% from FY 2022). Net income: JP¥10.6b (up 69% from FY 2022). Profit margin: 8.7% (up from 5.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth.
공시 • May 17Descente Ltd., Annual General Meeting, Jun 15, 2023Descente Ltd., Annual General Meeting, Jun 15, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥40.00 per share at 1.0% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 19 June 2023. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.9%).
Reported Earnings • Feb 10Third quarter 2023 earnings released: EPS: JP¥66.75 (vs JP¥32.66 in 3Q 2022)Third quarter 2023 results: EPS: JP¥66.75 (up from JP¥32.66 in 3Q 2022). Revenue: JP¥28.9b (up 8.0% from 3Q 2022). Net income: JP¥5.04b (up 105% from 3Q 2022). Profit margin: 17% (up from 9.2% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
공시 • Dec 21Descente Ltd. to Report Q3, 2023 Results on Feb 06, 2023Descente Ltd. announced that they will report Q3, 2023 results on Feb 06, 2023
Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥36.81 (vs JP¥17.94 in 2Q 2022)Second quarter 2023 results: EPS: JP¥36.81 (up from JP¥17.94 in 2Q 2022). Revenue: JP¥30.8b (up 12% from 2Q 2022). Net income: JP¥2.78b (up 105% from 2Q 2022). Profit margin: 9.0% (up from 4.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Senior Managing Executive Officer & Director Hoon-Do Kim was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 09Second quarter 2023 earnings released: EPS: JP¥36.81 (vs JP¥17.94 in 2Q 2022)Second quarter 2023 results: EPS: JP¥36.81 (up from JP¥17.94 in 2Q 2022). Revenue: JP¥30.8b (up 12% from 2Q 2022). Net income: JP¥2.78b (up 105% from 2Q 2022). Profit margin: 9.0% (up from 4.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.
공시 • Sep 01Descente Ltd. to Report Q2, 2023 Results on Nov 07, 2022Descente Ltd. announced that they will report Q2, 2023 results on Nov 07, 2022
공시 • Aug 10Descente Ltd. (TSE:8114) agreed to acquire additional 10% stake in le coq sportif(Ningbo)co., ltd. from Zhejiang Trade Zone Sheng Rong Clothing Co., Ltd. for CNY 182 million.Descente Ltd. (TSE:8114) agreed to acquire additional 10% stake in le coq sportif(Ningbo)co., ltd. from Zhejiang Trade Zone Sheng Rong Clothing Co., Ltd. for CNY 182 million on August 8, 2022. For the year ended December 2021, the Total Assets were CNY 374 million, Net Worth was CNy 187 million, Sales were CNY 466 million, Operating Income was CNY 16 million and Net Income was CNY 12 million. Transaction is expected to close on October 1, 2022.
Reported Earnings • Aug 09First quarter 2023 earnings released: EPS: JP¥31.17 (vs JP¥15.02 in 1Q 2022)First quarter 2023 results: EPS: JP¥31.17 (up from JP¥15.02 in 1Q 2022). Revenue: JP¥26.4b (up 18% from 1Q 2022). Net income: JP¥2.35b (up 108% from 1Q 2022). Profit margin: 8.9% (up from 5.0% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.6%, compared to a 9.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
공시 • Jun 29Descente Ltd. (TSE:8114) completed the acquisition of 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng (Shanghai) Apparel and Accessory Trading Co., Ltd.Descente Ltd. (TSE:8114) entered into an agreement to acquire a 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng (Shanghai) Apparel and Accessory Trading Co., Ltd. for CNY 22.1 million on January 7, 2022. Net asset value of Arena Shanghai as of September 30, 2021 was approximately CNY 39.44 million. The deal is expected to complete on April 1, 2022. As on April 28, 2022, Transaction Long stop date as been extended to June 30, 2022. Descente Ltd. (TSE:8114) completed the acquisition of 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng (Shanghai) Apparel and Accessory Trading Co., Ltd. on June 27, 2022.
Reported Earnings • Jun 20Full year 2022 earnings released: EPS: JP¥82.53 (vs JP¥66.79 in FY 2021)Full year 2022 results: EPS: JP¥82.53 (up from JP¥66.79 in FY 2021). Revenue: JP¥108.9b (up 12% from FY 2021). Net income: JP¥6.23b (up 24% from FY 2021). Profit margin: 5.7% (up from 5.2% in FY 2021). Over the next year, revenue is forecast to grow 6.0%, compared to a 9.7% growth forecast for the industry in Japan. 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 14% per year, which means it is significantly lagging earnings growth.
공시 • Jun 15Descente Ltd. to Report Q1, 2023 Results on Aug 08, 2022Descente Ltd. announced that they will report Q1, 2023 results on Aug 08, 2022
Valuation Update With 7 Day Price Move • Jun 15Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to JP¥2,770, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 18x in the Luxury industry in Japan. Total returns to shareholders of 44% over the past three years.
Valuation Update With 7 Day Price Move • Jun 01Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥2,774, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 17x in the Luxury industry in Japan. Total returns to shareholders of 50% over the past three years.
Reported Earnings • May 16Full year 2022 earnings released: EPS: JP¥82.53 (vs JP¥66.79 in FY 2021)Full year 2022 results: EPS: JP¥82.53 (up from JP¥66.79 in FY 2021). Revenue: JP¥108.9b (up 12% from FY 2021). Net income: JP¥6.23b (up 24% from FY 2021). Profit margin: 5.7% (up from 5.2% in FY 2021). 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 10% per year, which means it is significantly lagging earnings growth.
공시 • May 14Descente Ltd., Annual General Meeting, Jun 16, 2022Descente Ltd., Annual General Meeting, Jun 16, 2022.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Senior Managing Executive Officer & Director Hoon-Do Kim was the last director to join the board, commencing their role in 2014. 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 08Descente Ltd. to Report Fiscal Year 2022 Results on May 12, 2022Descente Ltd. announced that they will report fiscal year 2022 results on May 12, 2022
Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥2,981, the stock trades at a trailing P/E ratio of 43.6x. Average trailing P/E is 13x in the Luxury industry in Japan. Total returns to shareholders of 5.5% over the past three years.
Reported Earnings • Feb 08Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥32.66 (down from JP¥80.75 in 3Q 2021). Revenue: JP¥26.8b (up 13% from 3Q 2021). Net income: JP¥2.47b (down 60% from 3Q 2021). Profit margin: 9.2% (down from 26% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
공시 • Jan 09Descente Ltd. (TSE:8114) entered into an agreement to acquire a 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng Apparel and Accessory Trading Co., for CNY 22.1 million.Descente Ltd. (TSE:8114) entered into an agreement to acquire a 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng Apparel and Accessory Trading Co., for CNY 22.1 million on January 7, 2022. Net asset value of Arena Shanghai as of September 30, 2021 was approximately CNY 39.44 million.
Reported Earnings • Nov 07Second quarter 2022 earnings released: EPS JP¥17.94 (vs JP¥9.98 in 2Q 2021)The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: JP¥27.4b (flat on 2Q 2021). Net income: JP¥1.35b (up 80% from 2Q 2021). Profit margin: 4.9% (up from 2.8% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥3,730, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 15x in the Luxury industry in Japan. Total returns to shareholders of 83% over the past three years.
Reported Earnings • Aug 13First quarter 2022 earnings released: EPS JP¥15.02 (vs JP¥26.75 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥22.5b (up 45% from 1Q 2021). Net income: JP¥1.13b (up JP¥3.15b from 1Q 2021). Profit margin: 5.0% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.
Reported Earnings • Jun 21Full year 2021 earnings released: EPS JP¥66.79 (vs JP¥32.89 loss in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥96.9b (down 22% from FY 2020). Net income: JP¥5.04b (up JP¥7.52b from FY 2020). Profit margin: 5.2% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥2,251, the stock trades at a trailing P/E ratio of 33.7x. Average trailing P/E is 19x in the Luxury industry in Japan. Total returns to shareholders of 7.8% over the past three years.
Reported Earnings • May 19Full year 2021 earnings released: EPS JP¥66.79 (vs JP¥32.89 loss in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥96.9b (down 22% from FY 2020). Net income: JP¥5.04b (up JP¥7.52b from FY 2020). Profit margin: 5.2% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 62% 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.
공시 • Mar 04Descente Ltd. to Report Fiscal Year 2021 Results on May 14, 2021Descente Ltd. announced that they will report fiscal year 2021 results on May 14, 2021
Reported Earnings • Feb 07Third quarter 2021 earnings released: EPS JP¥80.75 (vs JP¥5.83 loss in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥23.7b (down 12% from 3Q 2020). Net income: JP¥6.09b (up JP¥6.53b from 3Q 2020). Profit margin: 26% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Jan 08New 90-day high: JP¥1,935The company is up 17% from its price of JP¥1,648 on 09 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is flat over the same period.
Is New 90 Day High Low • Dec 21New 90-day high: JP¥1,922The company is up 6.0% from its price of JP¥1,811 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is up 3.0% over the same period.
공시 • Nov 29Descente Ltd. to Report Q3, 2021 Results on Feb 05, 2021Descente Ltd. announced that they will report Q3, 2021 results on Feb 05, 2021
공시 • Nov 25Descente to Be Deleted from Other OTCDescente Ltd.’s SHS (Japan) will be deleted from other OTC effective November 24, 2020. The deletion is due to Inactive Security.
공시 • Oct 10Descente Ltd. to Report Q2, 2021 Results on Nov 06, 2020Descente Ltd. announced that they will report Q2, 2021 results on Nov 06, 2020
공시 • Jun 28Descente Ltd. to Report Q1, 2021 Results on Aug 05, 2020Descente Ltd. announced that they will report Q1, 2021 results on Aug 05, 2020