Members (2130) 주식 개요멤버스는 일본에서 디지털 마케팅 사업을 하고 있습니다. 자세히 보기2130 펀더멘털 분석스노우플레이크 점수가치 평가4/6미래 성장2/6과거 실적4/6재무 건전성6/6배당5/6강점공정 가치 추정치보다 낮은 76.2% 에서 거래수익은 매년 6.68% 증가할 것으로 예상됩니다.지난 1년간 수익이 246.7% 증가했습니다.2.93% 의 안정적인 배당금을 지급합니다.위험 분석의미 있는 시가총액이 없습니다(¥14B)모든 위험 점검 보기2130 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueJP¥Current PriceJP¥1.13k7.7% 저평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture034b2016201920222025202620282031Revenue JP¥33.9bEarnings JP¥1.7bAdvancedSet Fair ValueView all narrativesMembers Co., Ltd. 경쟁사TOWLtdSymbol: TSE:4767Market cap: JP¥14.8bHitSymbol: TSE:378AMarket cap: JP¥15.8bRentracksLTDSymbol: TSE:6045Market cap: JP¥12.2bFrontier InternationalSymbol: TSE:7050Market cap: JP¥12.5b가격 이력 및 성과Members 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가JP¥1,127.0052주 최고가JP¥1,478.0052주 최저가JP¥1,031.00베타0.451개월 변동3.21%3개월 변동-2.84%1년 변동0.27%3년 변동-17.50%5년 변동-60.79%IPO 이후 변동264.14%최근 뉴스 및 업데이트Reported Earnings • May 18Full year 2026 earnings released: EPS: JP¥94.88 (vs JP¥27.40 in FY 2025)Full year 2026 results: EPS: JP¥94.88 (up from JP¥27.40 in FY 2025). Revenue: JP¥24.4b (up 9.4% from FY 2025). Net income: JP¥1.21b (up 247% from FY 2025). Profit margin: 5.0% (up from 1.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.공시 • May 14Members Co., Ltd., Annual General Meeting, Jun 19, 2026Members Co., Ltd., Annual General Meeting, Jun 19, 2026.Upcoming Dividend • Mar 23Upcoming dividend of JP¥33.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 22 June 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%).Declared Dividend • Mar 08Dividend of JP¥33.00 announcedShareholders will receive a dividend of JP¥33.00. Ex-date: 30th March 2026 Payment date: 22nd June 2026 Dividend yield will be 2.9%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover.분석 기사 • Feb 17Shareholders Can Be Confident That Members' (TSE:2130) Earnings Are High QualityInvestors were underwhelmed by the solid earnings posted by Members Co., Ltd. ( TSE:2130 ) recently. Our analysis says...Reported Earnings • Feb 13Third quarter 2026 earnings released: EPS: JP¥26.43 (vs JP¥17.69 in 3Q 2025)Third quarter 2026 results: EPS: JP¥26.43 (up from JP¥17.69 in 3Q 2025). Revenue: JP¥6.20b (up 10.0% from 3Q 2025). Net income: JP¥337.9m (up 50% from 3Q 2025). Profit margin: 5.5% (up from 4.0% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings.더 많은 업데이트 보기Recent updatesReported Earnings • May 18Full year 2026 earnings released: EPS: JP¥94.88 (vs JP¥27.40 in FY 2025)Full year 2026 results: EPS: JP¥94.88 (up from JP¥27.40 in FY 2025). Revenue: JP¥24.4b (up 9.4% from FY 2025). Net income: JP¥1.21b (up 247% from FY 2025). Profit margin: 5.0% (up from 1.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.공시 • May 14Members Co., Ltd., Annual General Meeting, Jun 19, 2026Members Co., Ltd., Annual General Meeting, Jun 19, 2026.Upcoming Dividend • Mar 23Upcoming dividend of JP¥33.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 22 June 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%).Declared Dividend • Mar 08Dividend of JP¥33.00 announcedShareholders will receive a dividend of JP¥33.00. Ex-date: 30th March 2026 Payment date: 22nd June 2026 Dividend yield will be 2.9%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover.분석 기사 • Feb 17Shareholders Can Be Confident That Members' (TSE:2130) Earnings Are High QualityInvestors were underwhelmed by the solid earnings posted by Members Co., Ltd. ( TSE:2130 ) recently. Our analysis says...Reported Earnings • Feb 13Third quarter 2026 earnings released: EPS: JP¥26.43 (vs JP¥17.69 in 3Q 2025)Third quarter 2026 results: EPS: JP¥26.43 (up from JP¥17.69 in 3Q 2025). Revenue: JP¥6.20b (up 10.0% from 3Q 2025). Net income: JP¥337.9m (up 50% from 3Q 2025). Profit margin: 5.5% (up from 4.0% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings.분석 기사 • Feb 05Returns On Capital Signal Tricky Times Ahead For Members (TSE:2130)If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...New Risk • Feb 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥15.7b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company.분석 기사 • Dec 18What Members Co., Ltd.'s (TSE:2130) P/E Is Not Telling YouMembers Co., Ltd.'s ( TSE:2130 ) price-to-earnings (or "P/E") ratio of 18.3x might make it look like a sell right now...New Risk • Oct 14New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥15.2b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (117% payout ratio). Market cap is less than US$100m (JP¥15.2b market cap, or US$99.7m).New Risk • Jul 30New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥14.8b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (117% payout ratio). Share price has been volatile over the past 3 months (5.2% average weekly change). Market cap is less than US$100m (JP¥14.8b market cap, or US$99.8m).New Risk • Jul 17New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 117% Cash payout ratio: 0% Dividend yield: 2.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 117% Cash payout ratio: 0%New Risk • Jul 11New 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 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (117% payout ratio). Share price has been volatile over the past 3 months (5.4% average weekly change).공시 • May 31+ 2 more updatesMembers Co., Ltd. to Report Q2, 2026 Results on Oct 31, 2025Members Co., Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025공시 • May 14Members Co., Ltd., Annual General Meeting, Jun 19, 2025Members Co., Ltd., Annual General Meeting, Jun 19, 2025.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥955, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 18x in the Media industry in Japan. Total loss to shareholders of 68% over the past three years.Upcoming Dividend • Mar 21Upcoming dividend of JP¥32.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 23 June 2025. Payout ratio is on the higher end at 96%, however this is supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.3%).분석 기사 • Mar 01Members (TSE:2130) Is Paying Out A Larger Dividend Than Last YearMembers Co., Ltd.'s ( TSE:2130 ) dividend will be increasing from last year's payment of the same period to ¥32.00 on...공시 • Mar 01Members Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025Members Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025분석 기사 • Feb 17Members Co., Ltd. (TSE:2130) Stocks Shoot Up 28% But Its P/E Still Looks ReasonableMembers Co., Ltd. ( TSE:2130 ) shareholders would be excited to see that the share price has had a great month, posting...분석 기사 • Feb 12Members' (TSE:2130) Strong Earnings Are Of Good QualityMembers Co., Ltd.'s ( TSE:2130 ) strong earnings report was rewarded with a positive stock price move. Our analysis...분석 기사 • Feb 08Members (TSE:2130) Has Announced That It Will Be Increasing Its Dividend To ¥32.00The board of Members Co., Ltd. ( TSE:2130 ) has announced that it will be paying its dividend of ¥32.00 on the 23rd of...Valuation Update With 7 Day Price Move • Feb 07Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥1,182, the stock trades at a forward P/E ratio of 76x. Average forward P/E is 17x in the Media industry in Japan. Total loss to shareholders of 58% over the past three years.분석 기사 • Jan 03Members (TSE:2130) Has Announced That It Will Be Increasing Its Dividend To ¥32.00Members Co., Ltd. ( TSE:2130 ) will increase its dividend from last year's comparable payment on the 23rd of June to...공시 • Jan 03Members Co., Ltd. to Report Q3, 2025 Results on Feb 03, 2025Members Co., Ltd. announced that they will report Q3, 2025 results on Feb 03, 2025New Risk • Dec 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 196% Cash payout ratio: 95% Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (JP¥13.2b market cap, or US$88.0m).Major Estimate Revision • Nov 28Consensus EPS estimates increase by 520%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from JP¥22.6b to JP¥21.7b. EPS estimate rose from JP¥1.00 to JP¥6.20. Net income forecast to shrink 1.3% next year vs 12% growth forecast for Media industry in Japan . Consensus price target up from JP¥850 to JP¥1,000. Share price fell 8.3% to JP¥1,085 over the past week.분석 기사 • Nov 21Members Co., Ltd. (TSE:2130) Looks Just Right With A 28% Price JumpMembers Co., Ltd. ( TSE:2130 ) shares have continued their recent momentum with a 28% gain in the last month alone...Buy Or Sell Opportunity • Nov 15Now 21% undervaluedOver the last 90 days, the stock has risen 37% to JP¥1,099. The fair value is estimated to be JP¥1,383, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 57%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 38% per annum over the same time period.Valuation Update With 7 Day Price Move • Nov 13Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥1,149, the stock trades at a forward P/E ratio of 111x. Average forward P/E is 14x in the Media industry in Japan. Total loss to shareholders of 52% over the past three years.분석 기사 • Nov 02Members' (TSE:2130) Shareholders Will Receive A Bigger Dividend Than Last YearMembers Co., Ltd. ( TSE:2130 ) will increase its dividend from last year's comparable payment on the 23rd of June to...Reported Earnings • Nov 02Second quarter 2025 earnings released: EPS: JP¥1.31 (vs JP¥0.69 loss in 2Q 2024)Second quarter 2025 results: EPS: JP¥1.31 (up from JP¥0.69 loss in 2Q 2024). Revenue: JP¥5.35b (up 4.5% from 2Q 2024). Net income: JP¥16.7m (up JP¥25.7m from 2Q 2024). Profit margin: 0.3% (up from net loss in 2Q 2024). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.공시 • Sep 27Members Co., Ltd. to Report Q2, 2025 Results on Oct 31, 2024Members Co., Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024Major Estimate Revision • Sep 05Consensus forecasts updatedThe consensus outlook for fiscal year 2025 has been updated. Media industry in Japan expected to see average net income growth of 7.5% next year. Consensus price target of JP¥850 unchanged from last update. Share price rose 2.8% to JP¥842 over the past week.분석 기사 • Aug 07Members' (TSE:2130) Conservative Accounting Might Explain Soft EarningsInvestors weren't pleased with the recent soft earnings report from Members Co., Ltd. ( TSE:2130 ). We did some digging...Valuation Update With 7 Day Price Move • Aug 07Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to JP¥712, the stock trades at a forward P/E ratio of 146x. Average forward P/E is 12x in the Media industry in Japan. Total loss to shareholders of 74% over the past three years.New Risk • Aug 05New 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 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (225% payout ratio). Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (JP¥9.13b market cap, or US$64.1m).Reported Earnings • Aug 02First quarter 2025 earnings released: JP¥26.40 loss per share (vs JP¥29.67 loss in 1Q 2024)First quarter 2025 results: JP¥26.40 loss per share (improved from JP¥29.67 loss in 1Q 2024). Revenue: JP¥5.04b (up 12% from 1Q 2024). Net loss: JP¥337.0m (loss narrowed 13% from 1Q 2024). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings.Board Change • Jul 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Outside Director Kaori Miyake was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Jun 26Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥9.67 (down from JP¥76.25 in FY 2023). Revenue: JP¥20.5b (up 16% from FY 2023). Net income: JP¥126.0m (down 88% from FY 2023). Profit margin: 0.6% (down from 5.7% in FY 2023). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 36% per year.Major Estimate Revision • Jun 26Consensus forecasts updatedThe consensus outlook for fiscal year 2025 has been updated. Media industry in Japan expected to see average net income growth of 14% next year. Consensus price target down from JP¥1,000 to JP¥850. Share price was steady at JP¥910 over the past week.공시 • Jun 06Members Co., Ltd. to Report Q1, 2025 Results on Jul 31, 2024Members Co., Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024공시 • May 18+ 1 more updateMembers Co., Ltd. Provides Earnings Guidance for the First Half and Full Fiscal Year Ending March 31, 2025Members Co., Ltd. provided earnings guidance for the first half and full year fiscal year ending March 31, 2025. For half year cumulative, Company expects revenue of JPY 10,950 million; Operating loss of JPY 550 million; Loss and Loss attributable to owners of parent of JPY 400 million; and Basic loss per share of JPY 30.70.For the full year, the company expected revenue of JPY 23,230 million, Operating profit of JPY 200 million, Profit and Profit attributable to owners of parent of JPY 150 million, and Basic earnings per share of JPY 11.51.Reported Earnings • May 13Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥9.67 (down from JP¥76.25 in FY 2023). Revenue: JP¥20.5b (up 16% from FY 2023). Net income: JP¥126.0m (down 88% from FY 2023). Profit margin: 0.6% (down from 5.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 31% per year.공시 • May 12Members Co., Ltd., Annual General Meeting, Jun 20, 2024Members Co., Ltd., Annual General Meeting, Jun 20, 2024.Upcoming Dividend • Mar 21Upcoming dividend of JP¥31.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 19 June 2024. The company is paying out more than 100% of its profits and is paying out 86% of its cash flow. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.2%).분석 기사 • Mar 12Members' (TSE:2130) Dividend Will Be Increased To ¥31.00Members Co., Ltd. ( TSE:2130 ) has announced that it will be increasing its dividend from last year's comparable...공시 • Mar 10Members Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024Members Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥1,027, the stock trades at a forward P/E ratio of 92x. Average forward P/E is 14x in the Media industry in Japan. Total loss to shareholders of 59% over the past three years.Major Estimate Revision • Feb 29Consensus EPS estimates fall from profit to JP¥3.80 lossThe consensus outlook for fiscal year 2024 has been updated. Forecast loss of -JP¥3.80 per share in 2024, versus previous forecasts of JP¥9.90 per share. Revenue forecast unchanged from JP¥20.0b at last update. Media industry in Japan expected to see average net income growth of 7.2% next year. Consensus price target down from JP¥2,000 to JP¥1,000. Share price fell 3.5% to JP¥891 over the past week.분석 기사 • Feb 27Members (TSE:2130) Is Increasing Its Dividend To ¥31.00Members Co., Ltd.'s ( TSE:2130 ) dividend will be increasing from last year's payment of the same period to ¥31.00 on...공시 • Feb 09Members Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024Members Co., Ltd. provided dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects to pay dividend of JPY 31.00 per share compared to JPY 30.00 per share a year ago.Reported Earnings • Feb 04Third quarter 2024 earnings released: EPS: JP¥1.22 (vs JP¥16.64 in 3Q 2023)Third quarter 2024 results: EPS: JP¥1.22 (down from JP¥16.64 in 3Q 2023). Revenue: JP¥4.97b (up 13% from 3Q 2023). Net income: JP¥16.0m (down 93% from 3Q 2023). Profit margin: 0.3% (down from 5.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Media 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 fallen by 28% per year, which means it is performing significantly worse than earnings.공시 • Dec 28Members Co., Ltd. to Report Q3, 2024 Results on Feb 02, 2024Members Co., Ltd. announced that they will report Q3, 2024 results on Feb 02, 2024Major Estimate Revision • Dec 09Consensus EPS estimates fall by 88%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥21.5b to JP¥20.0b. EPS estimate also fell from JP¥80.10 per share to JP¥9.90 per share. Net income forecast to shrink 39% next year vs 16% growth forecast for Media industry in Japan . Consensus price target down from JP¥4,500 to JP¥2,000. Share price fell 8.6% to JP¥986 over the past week.공시 • Nov 07Members Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024Members Co., Ltd. provided dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects to pay dividend of JPY 31.00 per share compared to JPY 30.00 per share a year ago.Reported Earnings • Nov 02Second quarter 2024 earnings released: JP¥0.69 loss per share (vs JP¥16.86 profit in 2Q 2023)Second quarter 2024 results: JP¥0.69 loss per share (down from JP¥16.86 profit in 2Q 2023). Revenue: JP¥5.12b (up 17% from 2Q 2023). Net loss: JP¥9.00m (down 104% from profit in 2Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.공시 • Oct 29Members Co., Ltd. (TSE:2130) announces an Equity Buyback for 400,000 shares, representing 3.04% for ¥400 million.Members Co., Ltd. (TSE:2130) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 3.04% of its share capital, for ¥400 million. The repurchase program is aimed at enhancing returns to shareholders, improving capital efficiency, and enabling flexible capital policies in the future, as well as allocating shares to be issued as incentives such as stock remuneration for sustainable improvement of corporate value. The program will expire on March 29, 2024. As of October 27, 2023, the company had 13,146,004 shares in issue (excluding treasury stock) and 275,696 shares in treasury.New Risk • Oct 06New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥14.8b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.5% average weekly change). Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (JP¥14.8b market cap, or US$99.8m).공시 • Aug 27Members Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023Members Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023Valuation Update With 7 Day Price Move • Aug 07Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to JP¥1,291, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Media industry in Japan. Total loss to shareholders of 14% over the past three years.New Risk • Aug 02New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.8% net profit margin).Reported Earnings • Aug 01First quarter 2024 earnings released: JP¥29.67 loss per share (vs JP¥5.07 loss in 1Q 2023)First quarter 2024 results: JP¥29.67 loss per share (further deteriorated from JP¥5.07 loss in 1Q 2023). Revenue: JP¥4.50b (up 17% from 1Q 2023). Net loss: JP¥389.0m (loss widened 481% from 1Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.공시 • Jul 06Members Co., Ltd. to Report Q1, 2024 Results on Jul 31, 2023Members Co., Ltd. announced that they will report Q1, 2024 results on Jul 31, 2023Reported Earnings • Jun 21Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: JP¥76.25 (down from JP¥108 in FY 2022). Revenue: JP¥17.7b (up 18% from FY 2022). Net income: JP¥1.01b (down 28% from FY 2022). Profit margin: 5.7% (down from 9.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 12Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: JP¥76.25 (down from JP¥108 in FY 2022). Revenue: JP¥17.7b (up 18% from FY 2022). Net income: JP¥1.01b (down 28% from FY 2022). Profit margin: 5.7% (down from 9.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.공시 • May 11Members Co., Ltd., Annual General Meeting, Jun 16, 2023Members Co., Ltd., Annual General Meeting, Jun 16, 2023.Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥1,471, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 14x in the Media industry in Japan. Total loss to shareholders of 6.8% over the past three years.Upcoming Dividend • Mar 23Upcoming dividend of JP¥30.00 per share at 2.3% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.6%).Price Target Changed • Mar 02Price target decreased by 12% to JP¥3,840Down from JP¥4,340, the current price target is an average from 2 analysts. New target price is 171% above last closing price of JP¥1,417. Stock is down 51% over the past year. The company is forecast to post earnings per share of JP¥64.10 for next year compared to JP¥108 last year.공시 • Feb 09Members Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023Members Co., Ltd. provided dividend guidance for the fiscal year ending March 31, 2023. For the year, the company expected dividend of JPY 30.00 per share as compared to JPY 25 paid an year ago.Reported Earnings • Feb 03Third quarter 2023 earnings released: EPS: JP¥16.71 (vs JP¥32.74 in 3Q 2022)Third quarter 2023 results: EPS: JP¥16.71 (down from JP¥32.74 in 3Q 2022). Revenue: JP¥4.40b (up 16% from 3Q 2022). Net income: JP¥222.0m (down 48% from 3Q 2022). Profit margin: 5.0% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Media 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 only increased by 3% per year, which means it is significantly lagging earnings growth.공시 • Feb 03+ 1 more updateMembers Co., Ltd. Provides Earnings Guidance for the Fiscal Year Ending March 31, 2023Members Co., Ltd. provided earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expected Revenue to be JPY 17,300 Million; Operating profit to be JPY 1,200 Million; Profit to be JPY 850 million. Profit attributable to owners of parent to be JPY 850 Million and Basic earnings per share to be JPY 65.20.공시 • Dec 28Members Co., Ltd. to Report Q3, 2023 Results on Feb 02, 2023Members Co., Ltd. announced that they will report Q3, 2023 results on Feb 02, 2023Reported Earnings • Nov 02Second quarter 2023 earnings released: EPS: JP¥16.86 (vs JP¥18.48 in 2Q 2022)Second quarter 2023 results: EPS: JP¥16.86 (down from JP¥18.48 in 2Q 2022). Revenue: JP¥4.38b (up 19% from 2Q 2022). Net income: JP¥224.0m (down 7.1% from 2Q 2022). Profit margin: 5.1% (down from 6.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Nov 01Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to JP¥2,254, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Media industry in Japan. Total loss to shareholders of 2.7% over the past three years.공시 • Nov 01+ 1 more updateMembers Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023Members Co., Ltd. provided dividend guidance for the fiscal year ending March 31, 2023. For the year, the company expected dividend of JPY 30.00 per share.공시 • Sep 28Members Co., Ltd. to Report Q2, 2023 Results on Oct 31, 2022Members Co., Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022Reported Earnings • Jul 31First quarter 2023 earnings released: JP¥5.07 loss per share (vs JP¥1.31 profit in 1Q 2022)First quarter 2023 results: JP¥5.07 loss per share (down from JP¥1.31 profit in 1Q 2022). Revenue: JP¥3.83b (up 23% from 1Q 2022). Net loss: JP¥67.0m (down 494% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 25%, compared to a 5.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.공시 • Jul 29+ 1 more updateMembers Co., Ltd. Provides Earnings Guidance for the First Half and Full Year Ending March 31, 2023Members Co., Ltd. provided earnings guidance for the first half and full year ending March 31, 2023. For the first half, the company expects Revenue of JPY 8,280 million, Operating profit of JPY 450 million, Profit of JPY 320 million and Basic earnings per share of JPY 24.55.For the full year ending March 31, 2023, the company expects Revenue of JPY 18,200 million, Operating profit of JPY 2,200 million, Profit of JPY 1,573 million and Basic earnings per share of JPY 120.65.Price Target Changed • Jul 22Price target increased to JP¥4,193Up from JP¥3,700, the current price target is an average from 3 analysts. New target price is 51% above last closing price of JP¥2,782. Stock is down 16% over the past year. The company is forecast to post earnings per share of JP¥122 for next year compared to JP¥108 last year.공시 • Jul 10Members Co., Ltd. to Report Q1, 2023 Results on Jul 29, 2022Members Co., Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022Reported Earnings • Jun 23Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: JP¥108 (up from JP¥69.66 in FY 2021). Revenue: JP¥14.9b (up 24% from FY 2021). Net income: JP¥1.40b (up 57% from FY 2021). Profit margin: 9.4% (up from 7.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Over the next year, revenue is forecast to grow 23%, compared to a 6.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% 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 12+ 1 more updateMembers Co., Ltd. Announces Dividend for the Year Ended March 31, 2022, Payable on June 20, 2022; Provides Dividend Guidance for the Year Ending March 31, 2023Members Co., Ltd. announced dividend of JPY 25.00 per share for the year ended March 31, 2022 against JPY 17.50 per share for the same period a year ago. Scheduled date to commence dividend payments is June 20, 2022. The company provided dividend guidance for the year ending March 31, 2023. For the year, the company expects dividend of JPY 30.00 per share.Reported Earnings • May 11Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: JP¥108 (up from JP¥69.66 in FY 2021). Revenue: JP¥14.9b (up 24% from FY 2021). Net income: JP¥1.40b (up 57% from FY 2021). Profit margin: 9.4% (up from 7.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Over the next year, revenue is forecast to grow 27%, compared to a 4.3% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 25% per year.공시 • May 10Members Co., Ltd., Annual General Meeting, Jun 17, 2022Members Co., Ltd., Annual General Meeting, Jun 17, 2022.Price Target Changed • Apr 27Price target increased to JP¥3,700Up from JP¥3,375, the current price target is an average from 3 analysts. New target price is 17% above last closing price of JP¥3,175. Stock is up 25% over the past year. The company is forecast to post earnings per share of JP¥91.03 for next year compared to JP¥69.66 last year.공시 • Apr 07Members Co., Ltd. to Report Fiscal Year 2022 Results on May 10, 2022Members Co., Ltd. announced that they will report fiscal year 2022 results on May 10, 2022Upcoming Dividend • Mar 23Upcoming dividend of JP¥23.50 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.0%).Reported Earnings • Feb 03Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: JP¥32.82 (up from JP¥22.40 in 3Q 2021). Revenue: JP¥3.80b (up 26% from 3Q 2021). Net income: JP¥428.0m (up 49% from 3Q 2021). Profit margin: 11% (up from 9.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 5.6%. Over the next year, revenue is forecast to grow 26% while the industry in Japan is not expected to grow. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 24% per year.주주 수익률2130JP MediaJP 시장7D-3.6%0.3%-0.5%1Y0.3%4.0%41.3%전체 주주 수익률 보기수익률 대 산업: 2130은 지난 1년 동안 4%의 수익을 기록한 JP Media 산업보다 저조한 성과를 냈습니다.수익률 대 시장: 2130은 지난 1년 동안 41.3%를 기록한 JP 시장보다 저조한 성과를 냈습니다.주가 변동성Is 2130's price volatile compared to industry and market?2130 volatility2130 Average Weekly Movement5.8%Media Industry Average Movement5.0%Market Average Movement5.0%10% most volatile stocks in JP Market9.7%10% least volatile stocks in JP Market2.5%안정적인 주가: 2130는 지난 3개월 동안 JP 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: 2130의 주간 변동성(6%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트19953,087Akihiko Takanowww.members.co.jp멤버스는 일본에서 디지털 마케팅 사업을 하고 있습니다. 웹사이트 운영 관리, 웹 통합, 소셜 미디어 마케팅, 프로모션 지원, 웹 전략/UX 디자인 서비스를 제공합니다. 멤버스는 1995년에 설립되었으며 일본 도쿄에 본사를 두고 있습니다.더 보기Members Co., Ltd. 기초 지표 요약Members의 순이익과 매출은 시가총액과 어떻게 비교됩니까?2130 기초 통계시가총액JP¥14.19b순이익 (TTM)JP¥1.21b매출 (TTM)JP¥24.42b11.9x주가수익비율(P/E)0.6x주가매출비율(P/S)2130는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표2130 손익계산서 (TTM)매출JP¥24.42b매출원가JP¥17.97b총이익JP¥6.45b기타 비용JP¥5.24b순이익JP¥1.21b최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)94.90총이익률26.42%순이익률4.97%부채/자본 비율0%2130의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당2.9%현재 배당 수익률42%배당 성향2130는 안정적으로 배당을 지급합니까?2130 배당 기록 및 벤치마크 보기다가오는 배당을 받으려면 언제까지 2130를 매수해야 하나요?Members 배당 일정배당락일Mar 30 2026배당 지급일Jun 22 2026배당락일까지 남은 일수53 days배당 지급일까지 남은 일수31 days2130는 안정적으로 배당을 지급합니까?2130 배당 기록 및 벤치마크 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 10:54종가2026/05/22 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Members Co., 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.분석가기관Hiroshi NayaIchiyoshi Research Institute Inc.Yukari HousuiTokai Tokyo Intelligence Laboratory Co., Ltd.
Reported Earnings • May 18Full year 2026 earnings released: EPS: JP¥94.88 (vs JP¥27.40 in FY 2025)Full year 2026 results: EPS: JP¥94.88 (up from JP¥27.40 in FY 2025). Revenue: JP¥24.4b (up 9.4% from FY 2025). Net income: JP¥1.21b (up 247% from FY 2025). Profit margin: 5.0% (up from 1.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
공시 • May 14Members Co., Ltd., Annual General Meeting, Jun 19, 2026Members Co., Ltd., Annual General Meeting, Jun 19, 2026.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥33.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 22 June 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%).
Declared Dividend • Mar 08Dividend of JP¥33.00 announcedShareholders will receive a dividend of JP¥33.00. Ex-date: 30th March 2026 Payment date: 22nd June 2026 Dividend yield will be 2.9%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
분석 기사 • Feb 17Shareholders Can Be Confident That Members' (TSE:2130) Earnings Are High QualityInvestors were underwhelmed by the solid earnings posted by Members Co., Ltd. ( TSE:2130 ) recently. Our analysis says...
Reported Earnings • Feb 13Third quarter 2026 earnings released: EPS: JP¥26.43 (vs JP¥17.69 in 3Q 2025)Third quarter 2026 results: EPS: JP¥26.43 (up from JP¥17.69 in 3Q 2025). Revenue: JP¥6.20b (up 10.0% from 3Q 2025). Net income: JP¥337.9m (up 50% from 3Q 2025). Profit margin: 5.5% (up from 4.0% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings.
Reported Earnings • May 18Full year 2026 earnings released: EPS: JP¥94.88 (vs JP¥27.40 in FY 2025)Full year 2026 results: EPS: JP¥94.88 (up from JP¥27.40 in FY 2025). Revenue: JP¥24.4b (up 9.4% from FY 2025). Net income: JP¥1.21b (up 247% from FY 2025). Profit margin: 5.0% (up from 1.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
공시 • May 14Members Co., Ltd., Annual General Meeting, Jun 19, 2026Members Co., Ltd., Annual General Meeting, Jun 19, 2026.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥33.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 22 June 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%).
Declared Dividend • Mar 08Dividend of JP¥33.00 announcedShareholders will receive a dividend of JP¥33.00. Ex-date: 30th March 2026 Payment date: 22nd June 2026 Dividend yield will be 2.9%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
분석 기사 • Feb 17Shareholders Can Be Confident That Members' (TSE:2130) Earnings Are High QualityInvestors were underwhelmed by the solid earnings posted by Members Co., Ltd. ( TSE:2130 ) recently. Our analysis says...
Reported Earnings • Feb 13Third quarter 2026 earnings released: EPS: JP¥26.43 (vs JP¥17.69 in 3Q 2025)Third quarter 2026 results: EPS: JP¥26.43 (up from JP¥17.69 in 3Q 2025). Revenue: JP¥6.20b (up 10.0% from 3Q 2025). Net income: JP¥337.9m (up 50% from 3Q 2025). Profit margin: 5.5% (up from 4.0% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings.
분석 기사 • Feb 05Returns On Capital Signal Tricky Times Ahead For Members (TSE:2130)If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...
New Risk • Feb 05New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥15.7b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company.
분석 기사 • Dec 18What Members Co., Ltd.'s (TSE:2130) P/E Is Not Telling YouMembers Co., Ltd.'s ( TSE:2130 ) price-to-earnings (or "P/E") ratio of 18.3x might make it look like a sell right now...
New Risk • Oct 14New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥15.2b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (117% payout ratio). Market cap is less than US$100m (JP¥15.2b market cap, or US$99.7m).
New Risk • Jul 30New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥14.8b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (117% payout ratio). Share price has been volatile over the past 3 months (5.2% average weekly change). Market cap is less than US$100m (JP¥14.8b market cap, or US$99.8m).
New Risk • Jul 17New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 117% Cash payout ratio: 0% Dividend yield: 2.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 117% Cash payout ratio: 0%
New Risk • Jul 11New 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 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (117% payout ratio). Share price has been volatile over the past 3 months (5.4% average weekly change).
공시 • May 31+ 2 more updatesMembers Co., Ltd. to Report Q2, 2026 Results on Oct 31, 2025Members Co., Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025
공시 • May 14Members Co., Ltd., Annual General Meeting, Jun 19, 2025Members Co., Ltd., Annual General Meeting, Jun 19, 2025.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥955, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 18x in the Media industry in Japan. Total loss to shareholders of 68% over the past three years.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥32.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 23 June 2025. Payout ratio is on the higher end at 96%, however this is supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.3%).
분석 기사 • Mar 01Members (TSE:2130) Is Paying Out A Larger Dividend Than Last YearMembers Co., Ltd.'s ( TSE:2130 ) dividend will be increasing from last year's payment of the same period to ¥32.00 on...
공시 • Mar 01Members Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025Members Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025
분석 기사 • Feb 17Members Co., Ltd. (TSE:2130) Stocks Shoot Up 28% But Its P/E Still Looks ReasonableMembers Co., Ltd. ( TSE:2130 ) shareholders would be excited to see that the share price has had a great month, posting...
분석 기사 • Feb 12Members' (TSE:2130) Strong Earnings Are Of Good QualityMembers Co., Ltd.'s ( TSE:2130 ) strong earnings report was rewarded with a positive stock price move. Our analysis...
분석 기사 • Feb 08Members (TSE:2130) Has Announced That It Will Be Increasing Its Dividend To ¥32.00The board of Members Co., Ltd. ( TSE:2130 ) has announced that it will be paying its dividend of ¥32.00 on the 23rd of...
Valuation Update With 7 Day Price Move • Feb 07Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥1,182, the stock trades at a forward P/E ratio of 76x. Average forward P/E is 17x in the Media industry in Japan. Total loss to shareholders of 58% over the past three years.
분석 기사 • Jan 03Members (TSE:2130) Has Announced That It Will Be Increasing Its Dividend To ¥32.00Members Co., Ltd. ( TSE:2130 ) will increase its dividend from last year's comparable payment on the 23rd of June to...
공시 • Jan 03Members Co., Ltd. to Report Q3, 2025 Results on Feb 03, 2025Members Co., Ltd. announced that they will report Q3, 2025 results on Feb 03, 2025
New Risk • Dec 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 196% Cash payout ratio: 95% Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (JP¥13.2b market cap, or US$88.0m).
Major Estimate Revision • Nov 28Consensus EPS estimates increase by 520%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from JP¥22.6b to JP¥21.7b. EPS estimate rose from JP¥1.00 to JP¥6.20. Net income forecast to shrink 1.3% next year vs 12% growth forecast for Media industry in Japan . Consensus price target up from JP¥850 to JP¥1,000. Share price fell 8.3% to JP¥1,085 over the past week.
분석 기사 • Nov 21Members Co., Ltd. (TSE:2130) Looks Just Right With A 28% Price JumpMembers Co., Ltd. ( TSE:2130 ) shares have continued their recent momentum with a 28% gain in the last month alone...
Buy Or Sell Opportunity • Nov 15Now 21% undervaluedOver the last 90 days, the stock has risen 37% to JP¥1,099. The fair value is estimated to be JP¥1,383, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 57%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 38% per annum over the same time period.
Valuation Update With 7 Day Price Move • Nov 13Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥1,149, the stock trades at a forward P/E ratio of 111x. Average forward P/E is 14x in the Media industry in Japan. Total loss to shareholders of 52% over the past three years.
분석 기사 • Nov 02Members' (TSE:2130) Shareholders Will Receive A Bigger Dividend Than Last YearMembers Co., Ltd. ( TSE:2130 ) will increase its dividend from last year's comparable payment on the 23rd of June to...
Reported Earnings • Nov 02Second quarter 2025 earnings released: EPS: JP¥1.31 (vs JP¥0.69 loss in 2Q 2024)Second quarter 2025 results: EPS: JP¥1.31 (up from JP¥0.69 loss in 2Q 2024). Revenue: JP¥5.35b (up 4.5% from 2Q 2024). Net income: JP¥16.7m (up JP¥25.7m from 2Q 2024). Profit margin: 0.3% (up from net loss in 2Q 2024). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings.
공시 • Sep 27Members Co., Ltd. to Report Q2, 2025 Results on Oct 31, 2024Members Co., Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024
Major Estimate Revision • Sep 05Consensus forecasts updatedThe consensus outlook for fiscal year 2025 has been updated. Media industry in Japan expected to see average net income growth of 7.5% next year. Consensus price target of JP¥850 unchanged from last update. Share price rose 2.8% to JP¥842 over the past week.
분석 기사 • Aug 07Members' (TSE:2130) Conservative Accounting Might Explain Soft EarningsInvestors weren't pleased with the recent soft earnings report from Members Co., Ltd. ( TSE:2130 ). We did some digging...
Valuation Update With 7 Day Price Move • Aug 07Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to JP¥712, the stock trades at a forward P/E ratio of 146x. Average forward P/E is 12x in the Media industry in Japan. Total loss to shareholders of 74% over the past three years.
New Risk • Aug 05New 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 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (225% payout ratio). Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (JP¥9.13b market cap, or US$64.1m).
Reported Earnings • Aug 02First quarter 2025 earnings released: JP¥26.40 loss per share (vs JP¥29.67 loss in 1Q 2024)First quarter 2025 results: JP¥26.40 loss per share (improved from JP¥29.67 loss in 1Q 2024). Revenue: JP¥5.04b (up 12% from 1Q 2024). Net loss: JP¥337.0m (loss narrowed 13% from 1Q 2024). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings.
Board Change • Jul 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Outside Director Kaori Miyake was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Jun 26Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥9.67 (down from JP¥76.25 in FY 2023). Revenue: JP¥20.5b (up 16% from FY 2023). Net income: JP¥126.0m (down 88% from FY 2023). Profit margin: 0.6% (down from 5.7% in FY 2023). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 36% per year.
Major Estimate Revision • Jun 26Consensus forecasts updatedThe consensus outlook for fiscal year 2025 has been updated. Media industry in Japan expected to see average net income growth of 14% next year. Consensus price target down from JP¥1,000 to JP¥850. Share price was steady at JP¥910 over the past week.
공시 • Jun 06Members Co., Ltd. to Report Q1, 2025 Results on Jul 31, 2024Members Co., Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024
공시 • May 18+ 1 more updateMembers Co., Ltd. Provides Earnings Guidance for the First Half and Full Fiscal Year Ending March 31, 2025Members Co., Ltd. provided earnings guidance for the first half and full year fiscal year ending March 31, 2025. For half year cumulative, Company expects revenue of JPY 10,950 million; Operating loss of JPY 550 million; Loss and Loss attributable to owners of parent of JPY 400 million; and Basic loss per share of JPY 30.70.For the full year, the company expected revenue of JPY 23,230 million, Operating profit of JPY 200 million, Profit and Profit attributable to owners of parent of JPY 150 million, and Basic earnings per share of JPY 11.51.
Reported Earnings • May 13Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥9.67 (down from JP¥76.25 in FY 2023). Revenue: JP¥20.5b (up 16% from FY 2023). Net income: JP¥126.0m (down 88% from FY 2023). Profit margin: 0.6% (down from 5.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 31% per year.
공시 • May 12Members Co., Ltd., Annual General Meeting, Jun 20, 2024Members Co., Ltd., Annual General Meeting, Jun 20, 2024.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥31.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 19 June 2024. The company is paying out more than 100% of its profits and is paying out 86% of its cash flow. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.2%).
분석 기사 • Mar 12Members' (TSE:2130) Dividend Will Be Increased To ¥31.00Members Co., Ltd. ( TSE:2130 ) has announced that it will be increasing its dividend from last year's comparable...
공시 • Mar 10Members Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024Members Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥1,027, the stock trades at a forward P/E ratio of 92x. Average forward P/E is 14x in the Media industry in Japan. Total loss to shareholders of 59% over the past three years.
Major Estimate Revision • Feb 29Consensus EPS estimates fall from profit to JP¥3.80 lossThe consensus outlook for fiscal year 2024 has been updated. Forecast loss of -JP¥3.80 per share in 2024, versus previous forecasts of JP¥9.90 per share. Revenue forecast unchanged from JP¥20.0b at last update. Media industry in Japan expected to see average net income growth of 7.2% next year. Consensus price target down from JP¥2,000 to JP¥1,000. Share price fell 3.5% to JP¥891 over the past week.
분석 기사 • Feb 27Members (TSE:2130) Is Increasing Its Dividend To ¥31.00Members Co., Ltd.'s ( TSE:2130 ) dividend will be increasing from last year's payment of the same period to ¥31.00 on...
공시 • Feb 09Members Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024Members Co., Ltd. provided dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects to pay dividend of JPY 31.00 per share compared to JPY 30.00 per share a year ago.
Reported Earnings • Feb 04Third quarter 2024 earnings released: EPS: JP¥1.22 (vs JP¥16.64 in 3Q 2023)Third quarter 2024 results: EPS: JP¥1.22 (down from JP¥16.64 in 3Q 2023). Revenue: JP¥4.97b (up 13% from 3Q 2023). Net income: JP¥16.0m (down 93% from 3Q 2023). Profit margin: 0.3% (down from 5.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Media 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 fallen by 28% per year, which means it is performing significantly worse than earnings.
공시 • Dec 28Members Co., Ltd. to Report Q3, 2024 Results on Feb 02, 2024Members Co., Ltd. announced that they will report Q3, 2024 results on Feb 02, 2024
Major Estimate Revision • Dec 09Consensus EPS estimates fall by 88%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥21.5b to JP¥20.0b. EPS estimate also fell from JP¥80.10 per share to JP¥9.90 per share. Net income forecast to shrink 39% next year vs 16% growth forecast for Media industry in Japan . Consensus price target down from JP¥4,500 to JP¥2,000. Share price fell 8.6% to JP¥986 over the past week.
공시 • Nov 07Members Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024Members Co., Ltd. provided dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects to pay dividend of JPY 31.00 per share compared to JPY 30.00 per share a year ago.
Reported Earnings • Nov 02Second quarter 2024 earnings released: JP¥0.69 loss per share (vs JP¥16.86 profit in 2Q 2023)Second quarter 2024 results: JP¥0.69 loss per share (down from JP¥16.86 profit in 2Q 2023). Revenue: JP¥5.12b (up 17% from 2Q 2023). Net loss: JP¥9.00m (down 104% from profit in 2Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.
공시 • Oct 29Members Co., Ltd. (TSE:2130) announces an Equity Buyback for 400,000 shares, representing 3.04% for ¥400 million.Members Co., Ltd. (TSE:2130) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 3.04% of its share capital, for ¥400 million. The repurchase program is aimed at enhancing returns to shareholders, improving capital efficiency, and enabling flexible capital policies in the future, as well as allocating shares to be issued as incentives such as stock remuneration for sustainable improvement of corporate value. The program will expire on March 29, 2024. As of October 27, 2023, the company had 13,146,004 shares in issue (excluding treasury stock) and 275,696 shares in treasury.
New Risk • Oct 06New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥14.8b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.5% average weekly change). Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (JP¥14.8b market cap, or US$99.8m).
공시 • Aug 27Members Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023Members Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023
Valuation Update With 7 Day Price Move • Aug 07Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to JP¥1,291, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Media industry in Japan. Total loss to shareholders of 14% over the past three years.
New Risk • Aug 02New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.8% net profit margin).
Reported Earnings • Aug 01First quarter 2024 earnings released: JP¥29.67 loss per share (vs JP¥5.07 loss in 1Q 2023)First quarter 2024 results: JP¥29.67 loss per share (further deteriorated from JP¥5.07 loss in 1Q 2023). Revenue: JP¥4.50b (up 17% from 1Q 2023). Net loss: JP¥389.0m (loss widened 481% from 1Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
공시 • Jul 06Members Co., Ltd. to Report Q1, 2024 Results on Jul 31, 2023Members Co., Ltd. announced that they will report Q1, 2024 results on Jul 31, 2023
Reported Earnings • Jun 21Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: JP¥76.25 (down from JP¥108 in FY 2022). Revenue: JP¥17.7b (up 18% from FY 2022). Net income: JP¥1.01b (down 28% from FY 2022). Profit margin: 5.7% (down from 9.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 12Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: JP¥76.25 (down from JP¥108 in FY 2022). Revenue: JP¥17.7b (up 18% from FY 2022). Net income: JP¥1.01b (down 28% from FY 2022). Profit margin: 5.7% (down from 9.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
공시 • May 11Members Co., Ltd., Annual General Meeting, Jun 16, 2023Members Co., Ltd., Annual General Meeting, Jun 16, 2023.
Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥1,471, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 14x in the Media industry in Japan. Total loss to shareholders of 6.8% over the past three years.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥30.00 per share at 2.3% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.6%).
Price Target Changed • Mar 02Price target decreased by 12% to JP¥3,840Down from JP¥4,340, the current price target is an average from 2 analysts. New target price is 171% above last closing price of JP¥1,417. Stock is down 51% over the past year. The company is forecast to post earnings per share of JP¥64.10 for next year compared to JP¥108 last year.
공시 • Feb 09Members Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023Members Co., Ltd. provided dividend guidance for the fiscal year ending March 31, 2023. For the year, the company expected dividend of JPY 30.00 per share as compared to JPY 25 paid an year ago.
Reported Earnings • Feb 03Third quarter 2023 earnings released: EPS: JP¥16.71 (vs JP¥32.74 in 3Q 2022)Third quarter 2023 results: EPS: JP¥16.71 (down from JP¥32.74 in 3Q 2022). Revenue: JP¥4.40b (up 16% from 3Q 2022). Net income: JP¥222.0m (down 48% from 3Q 2022). Profit margin: 5.0% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Media 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 only increased by 3% per year, which means it is significantly lagging earnings growth.
공시 • Feb 03+ 1 more updateMembers Co., Ltd. Provides Earnings Guidance for the Fiscal Year Ending March 31, 2023Members Co., Ltd. provided earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expected Revenue to be JPY 17,300 Million; Operating profit to be JPY 1,200 Million; Profit to be JPY 850 million. Profit attributable to owners of parent to be JPY 850 Million and Basic earnings per share to be JPY 65.20.
공시 • Dec 28Members Co., Ltd. to Report Q3, 2023 Results on Feb 02, 2023Members Co., Ltd. announced that they will report Q3, 2023 results on Feb 02, 2023
Reported Earnings • Nov 02Second quarter 2023 earnings released: EPS: JP¥16.86 (vs JP¥18.48 in 2Q 2022)Second quarter 2023 results: EPS: JP¥16.86 (down from JP¥18.48 in 2Q 2022). Revenue: JP¥4.38b (up 19% from 2Q 2022). Net income: JP¥224.0m (down 7.1% from 2Q 2022). Profit margin: 5.1% (down from 6.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Nov 01Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to JP¥2,254, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Media industry in Japan. Total loss to shareholders of 2.7% over the past three years.
공시 • Nov 01+ 1 more updateMembers Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023Members Co., Ltd. provided dividend guidance for the fiscal year ending March 31, 2023. For the year, the company expected dividend of JPY 30.00 per share.
공시 • Sep 28Members Co., Ltd. to Report Q2, 2023 Results on Oct 31, 2022Members Co., Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022
Reported Earnings • Jul 31First quarter 2023 earnings released: JP¥5.07 loss per share (vs JP¥1.31 profit in 1Q 2022)First quarter 2023 results: JP¥5.07 loss per share (down from JP¥1.31 profit in 1Q 2022). Revenue: JP¥3.83b (up 23% from 1Q 2022). Net loss: JP¥67.0m (down 494% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 25%, compared to a 5.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
공시 • Jul 29+ 1 more updateMembers Co., Ltd. Provides Earnings Guidance for the First Half and Full Year Ending March 31, 2023Members Co., Ltd. provided earnings guidance for the first half and full year ending March 31, 2023. For the first half, the company expects Revenue of JPY 8,280 million, Operating profit of JPY 450 million, Profit of JPY 320 million and Basic earnings per share of JPY 24.55.For the full year ending March 31, 2023, the company expects Revenue of JPY 18,200 million, Operating profit of JPY 2,200 million, Profit of JPY 1,573 million and Basic earnings per share of JPY 120.65.
Price Target Changed • Jul 22Price target increased to JP¥4,193Up from JP¥3,700, the current price target is an average from 3 analysts. New target price is 51% above last closing price of JP¥2,782. Stock is down 16% over the past year. The company is forecast to post earnings per share of JP¥122 for next year compared to JP¥108 last year.
공시 • Jul 10Members Co., Ltd. to Report Q1, 2023 Results on Jul 29, 2022Members Co., Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022
Reported Earnings • Jun 23Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: JP¥108 (up from JP¥69.66 in FY 2021). Revenue: JP¥14.9b (up 24% from FY 2021). Net income: JP¥1.40b (up 57% from FY 2021). Profit margin: 9.4% (up from 7.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Over the next year, revenue is forecast to grow 23%, compared to a 6.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% 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 12+ 1 more updateMembers Co., Ltd. Announces Dividend for the Year Ended March 31, 2022, Payable on June 20, 2022; Provides Dividend Guidance for the Year Ending March 31, 2023Members Co., Ltd. announced dividend of JPY 25.00 per share for the year ended March 31, 2022 against JPY 17.50 per share for the same period a year ago. Scheduled date to commence dividend payments is June 20, 2022. The company provided dividend guidance for the year ending March 31, 2023. For the year, the company expects dividend of JPY 30.00 per share.
Reported Earnings • May 11Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: JP¥108 (up from JP¥69.66 in FY 2021). Revenue: JP¥14.9b (up 24% from FY 2021). Net income: JP¥1.40b (up 57% from FY 2021). Profit margin: 9.4% (up from 7.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Over the next year, revenue is forecast to grow 27%, compared to a 4.3% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 25% per year.
공시 • May 10Members Co., Ltd., Annual General Meeting, Jun 17, 2022Members Co., Ltd., Annual General Meeting, Jun 17, 2022.
Price Target Changed • Apr 27Price target increased to JP¥3,700Up from JP¥3,375, the current price target is an average from 3 analysts. New target price is 17% above last closing price of JP¥3,175. Stock is up 25% over the past year. The company is forecast to post earnings per share of JP¥91.03 for next year compared to JP¥69.66 last year.
공시 • Apr 07Members Co., Ltd. to Report Fiscal Year 2022 Results on May 10, 2022Members Co., Ltd. announced that they will report fiscal year 2022 results on May 10, 2022
Upcoming Dividend • Mar 23Upcoming dividend of JP¥23.50 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.0%).
Reported Earnings • Feb 03Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: JP¥32.82 (up from JP¥22.40 in 3Q 2021). Revenue: JP¥3.80b (up 26% from 3Q 2021). Net income: JP¥428.0m (up 49% from 3Q 2021). Profit margin: 11% (up from 9.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 5.6%. Over the next year, revenue is forecast to grow 26% while the industry in Japan is not expected to grow. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 24% per year.
