Apple International (2788) 주식 개요는 일본 및 해외에서 자동차 수출업체로 활동하고 있습니다. 자세히 보기2788 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장0/6과거 실적4/6재무 건전성4/6배당2/6강점주가수익률(4.7x)이 JP 시장(14.1x)보다 낮습니다.지난 1년간 수익이 26.3% 증가했습니다.위험 분석부채는 operating cash flow로 충분히 감당되지 않습니다.의미 있는 시가총액이 없습니다(¥5B)재무 결과에 영향을 미치는 대규모 일회성 항목2.56% 의 배당금은 잉여현금흐름으로 잘 충당되지 않습니다.모든 위험 점검 보기2788 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW482,450 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG482,450 investors already sharing narrativesYour Fair ValueJP¥Current PriceJP¥390.0036.6% 저평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture098b2016201920222025202620282031Revenue JP¥97.9bEarnings JP¥2.4bAdvancedSet Fair ValueView all narrativesApple International Co., Ltd. 경쟁사BIKE OSymbol: TSE:3377Market cap: JP¥5.3bBuffaloLtdSymbol: TSE:3352Market cap: JP¥3.9bI.A GroupSymbol: TSE:7509Market cap: JP¥6.9bLedaxLtdSymbol: TSE:7602Market cap: JP¥3.5b가격 이력 및 성과Apple International 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가JP¥390.0052주 최고가JP¥397.0052주 최저가JP¥328.00베타-0.671개월 변동5.98%3개월 변동10.17%1년 변동14.04%3년 변동15.04%5년 변동13.70%IPO 이후 변동-70.57%최근 뉴스 및 업데이트공고 • Jun 26Apple International Co., Ltd. to Report Q2, 2026 Results on Aug 10, 2026Apple International Co., Ltd. announced that they will report Q2, 2026 results on Aug 10, 2026Valuation Update With 7 Day Price Move • May 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥384, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 45% over the past three years.Reported Earnings • May 19First quarter 2026 earnings released: EPS: JP¥28.95 (vs JP¥6.23 in 1Q 2025)First quarter 2026 results: EPS: JP¥28.95 (up from JP¥6.23 in 1Q 2025). Revenue: JP¥13.4b (up 36% from 1Q 2025). Net income: JP¥372.0m (up 365% from 1Q 2025). Profit margin: 2.8% (up from 0.8% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.New Risk • May 19New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (JP¥4.45b market cap, or US$28.0m).Reported Earnings • Apr 04Full year 2025 earnings released: EPS: JP¥61.29 (vs JP¥93.29 in FY 2024)Full year 2025 results: EPS: JP¥61.29 (down from JP¥93.29 in FY 2024). Revenue: JP¥40.8b (down 6.8% from FY 2024). Net income: JP¥787.0m (down 34% from FY 2024). Profit margin: 1.9% (down from 2.7% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Reported Earnings • Feb 16Full year 2025 earnings released: EPS: JP¥61.29 (vs JP¥93.29 in FY 2024)Full year 2025 results: EPS: JP¥61.29 (down from JP¥93.29 in FY 2024). Revenue: JP¥40.8b (down 6.8% from FY 2024). Net income: JP¥787.0m (down 34% from FY 2024). Profit margin: 1.9% (down from 2.7% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.더 많은 업데이트 보기Recent updates공고 • Jun 26Apple International Co., Ltd. to Report Q2, 2026 Results on Aug 10, 2026Apple International Co., Ltd. announced that they will report Q2, 2026 results on Aug 10, 2026Valuation Update With 7 Day Price Move • May 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥384, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 45% over the past three years.Reported Earnings • May 19First quarter 2026 earnings released: EPS: JP¥28.95 (vs JP¥6.23 in 1Q 2025)First quarter 2026 results: EPS: JP¥28.95 (up from JP¥6.23 in 1Q 2025). Revenue: JP¥13.4b (up 36% from 1Q 2025). Net income: JP¥372.0m (up 365% from 1Q 2025). Profit margin: 2.8% (up from 0.8% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.New Risk • May 19New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (JP¥4.45b market cap, or US$28.0m).Reported Earnings • Apr 04Full year 2025 earnings released: EPS: JP¥61.29 (vs JP¥93.29 in FY 2024)Full year 2025 results: EPS: JP¥61.29 (down from JP¥93.29 in FY 2024). Revenue: JP¥40.8b (down 6.8% from FY 2024). Net income: JP¥787.0m (down 34% from FY 2024). Profit margin: 1.9% (down from 2.7% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Reported Earnings • Feb 16Full year 2025 earnings released: EPS: JP¥61.29 (vs JP¥93.29 in FY 2024)Full year 2025 results: EPS: JP¥61.29 (down from JP¥93.29 in FY 2024). Revenue: JP¥40.8b (down 6.8% from FY 2024). Net income: JP¥787.0m (down 34% from FY 2024). Profit margin: 1.9% (down from 2.7% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.공고 • Feb 13Apple International Co., Ltd., Annual General Meeting, Mar 27, 2026Apple International Co., Ltd., Annual General Meeting, Mar 27, 2026.공고 • Dec 27Apple International Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026Apple International Co., Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026Upcoming Dividend • Dec 22Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 31 March 2026. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: JP¥18.38 (vs JP¥26.71 in 3Q 2024)Third quarter 2025 results: EPS: JP¥18.38 (down from JP¥26.71 in 3Q 2024). Revenue: JP¥10.8b (up 4.5% from 3Q 2024). Net income: JP¥236.0m (down 31% from 3Q 2024). Profit margin: 2.2% (down from 3.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.공고 • Sep 23Apple International Co., Ltd. to Report Q3, 2025 Results on Nov 14, 2025Apple International Co., Ltd. announced that they will report Q3, 2025 results on Nov 14, 2025Reported Earnings • Aug 10Second quarter 2025 earnings released: EPS: JP¥1.95 (vs JP¥19.62 in 2Q 2024)Second quarter 2025 results: EPS: JP¥1.95 (down from JP¥19.62 in 2Q 2024). Revenue: JP¥8.83b (down 9.7% from 2Q 2024). Net income: JP¥25.0m (down 90% from 2Q 2024). Profit margin: 0.3% (down from 2.6% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.공고 • Jun 26Apple International Co., Ltd. to Report Q2, 2025 Results on Aug 08, 2025Apple International Co., Ltd. announced that they will report Q2, 2025 results on Aug 08, 2025New Risk • May 11New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.1% net profit margin). Market cap is less than US$100m (JP¥5.16b market cap, or US$35.5m).Reported Earnings • May 11First quarter 2025 earnings released: EPS: JP¥6.23 (vs JP¥33.02 in 1Q 2024)First quarter 2025 results: EPS: JP¥6.23 (down from JP¥33.02 in 1Q 2024). Revenue: JP¥9.86b (down 26% from 1Q 2024). Net income: JP¥80.0m (down 81% from 1Q 2024). Profit margin: 0.8% (down from 3.2% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥335, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 83% over the past three years.분석 기사 • Apr 05With EPS Growth And More, Apple International (TSE:2788) Makes An Interesting CaseIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...공고 • Mar 27Apple International Co., Ltd. to Report Q1, 2025 Results on May 09, 2025Apple International Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025Reported Earnings • Feb 16Full year 2024 earnings released: EPS: JP¥93.29 (vs JP¥78.11 in FY 2023)Full year 2024 results: EPS: JP¥93.29 (up from JP¥78.11 in FY 2023). Revenue: JP¥43.8b (up 42% from FY 2023). Net income: JP¥1.20b (up 19% from FY 2023). Profit margin: 2.7% (down from 3.3% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.공고 • Feb 14Apple International Co., Ltd., Annual General Meeting, Mar 28, 2025Apple International Co., Ltd., Annual General Meeting, Mar 28, 2025.공고 • Jan 03Apple International Co., Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025Apple International Co., Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025Upcoming Dividend • Dec 20Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 31 March 2025. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).New Risk • Nov 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.8% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (2.5% net profit margin). Market cap is less than US$100m (JP¥6.27b market cap, or US$40.6m).Valuation Update With 7 Day Price Move • Nov 18Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥488, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 102% over the past three years.Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: JP¥26.71 (vs JP¥18.31 in 3Q 2023)Third quarter 2024 results: EPS: JP¥26.71 (up from JP¥18.31 in 3Q 2023). Revenue: JP¥10.4b (up 40% from 3Q 2023). Net income: JP¥343.0m (up 45% from 3Q 2023). Profit margin: 3.3% (up from 3.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.공고 • Sep 25Apple International Co., Ltd. to Report Q3, 2024 Results on Nov 08, 2024Apple International Co., Ltd. announced that they will report Q3, 2024 results on Nov 08, 2024Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to JP¥390, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 21% over the past three years.분석 기사 • Aug 04Market Cool On Apple International Co., Ltd.'s (TSE:2788) Earnings Pushing Shares 25% LowerThe Apple International Co., Ltd. ( TSE:2788 ) share price has softened a substantial 25% over the previous 30 days...분석 기사 • Aug 02Apple International (TSE:2788) Is Experiencing Growth In Returns On CapitalThere are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...New Risk • Jul 11New 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 7.5% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (7.5% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.1% net profit margin). Market cap is less than US$100m (JP¥7.05b market cap, or US$43.6m).공고 • Jun 22Apple International Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024Apple International Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024Valuation Update With 7 Day Price Move • May 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥480, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 90% over the past three years.분석 기사 • May 13Apple International (TSE:2788) Takes On Some Risk With Its Use Of DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...분석 기사 • May 13Market Might Still Lack Some Conviction On Apple International Co., Ltd. (TSE:2788) Even After 27% Share Price BoostThe Apple International Co., Ltd. ( TSE:2788 ) share price has done very well over the last month, posting an excellent...Reported Earnings • May 13First quarter 2024 earnings released: EPS: JP¥33.02 (vs JP¥23.30 in 1Q 2023)First quarter 2024 results: EPS: JP¥33.02 (up from JP¥23.30 in 1Q 2023). Revenue: JP¥13.4b (up 67% from 1Q 2023). Net income: JP¥424.0m (up 41% from 1Q 2023). Profit margin: 3.2% (down from 3.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.공고 • Mar 28Apple International Co., Ltd. to Report Q1, 2024 Results on May 10, 2024Apple International Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024Reported Earnings • Feb 19Full year 2023 earnings released: EPS: JP¥78.11 (vs JP¥99.25 in FY 2022)Full year 2023 results: EPS: JP¥78.11 (down from JP¥99.25 in FY 2022). Revenue: JP¥30.9b (up 5.8% from FY 2022). Net income: JP¥1.01b (down 24% from FY 2022). Profit margin: 3.3% (down from 4.6% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.공고 • Feb 19Apple International Co., Ltd., Annual General Meeting, Mar 28, 2024Apple International Co., Ltd., Annual General Meeting, Mar 28, 2024.공고 • Dec 21Apple International Co., Ltd. to Report Fiscal Year 2023 Results on Feb 16, 2024Apple International Co., Ltd. announced that they will report fiscal year 2023 results on Feb 16, 2024Upcoming Dividend • Dec 21Upcoming dividend of JP¥15.00 per share at 1.2% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 27 March 2024. Payout ratio is a comfortable 5.4% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.4%).New Risk • Nov 22New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.5% average weekly change). Minor Risks Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Market cap is less than US$100m (JP¥5.56b market cap, or US$37.5m).Reported Earnings • Nov 12Third quarter 2023 earnings released: EPS: JP¥18.31 (vs JP¥48.10 in 3Q 2022)Third quarter 2023 results: EPS: JP¥18.31 (down from JP¥48.10 in 3Q 2022). Revenue: JP¥7.42b (down 28% from 3Q 2022). Net income: JP¥236.0m (down 62% from 3Q 2022). Profit margin: 3.2% (down from 6.1% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.공고 • Sep 21Apple International Co., Ltd. to Report Q3, 2023 Results on Nov 10, 2023Apple International Co., Ltd. announced that they will report Q3, 2023 results on Nov 10, 2023공고 • Sep 01Apple International Co., Ltd. (TSE:2788) announces an Equity Buyback for 90,000 shares, representing 0.7% for ¥45.27 million.Apple International Co., Ltd. (TSE:2788) announces a share repurchase program. Under the program, the company will repurchase up to 90,000 shares, representing 0.70% of its issued share capital (excluding treasury stock), for a total purchase price of ¥45.27 million. The shares will be repurchased at a price of ¥503 per share. The purpose of the program is to improve capital efficiency. As of June 30, 2023, the company has 12,921,124 issued shares (excluding treasury stock) and 930,276 treasury shares.New Risk • Aug 22New 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 7.6% 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 Risks Share price has been highly volatile over the past 3 months (7.6% average weekly change). High level of non-cash earnings (49% accrual ratio). Minor Risk Market cap is less than US$100m (JP¥5.88b market cap, or US$40.4m).New Risk • Aug 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 49% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (49% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (JP¥5.67b market cap, or US$38.9m).Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: JP¥37.38 (vs JP¥28.52 in 2Q 2022)Second quarter 2023 results: EPS: JP¥37.38 (up from JP¥28.52 in 2Q 2022). Revenue: JP¥8.13b (up 8.9% from 2Q 2022). Net income: JP¥483.0m (up 22% from 2Q 2022). Profit margin: 5.9% (up from 5.3% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 04Investor sentiment improves as stock rises 24%After last week's 24% share price gain to JP¥454, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 236% over the past three years.New Risk • Jul 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.1% 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 Share price has been volatile over the past 3 months (5.1% average weekly change). Market cap is less than US$100m (JP¥4.29b market cap, or US$30.9m).공고 • Jun 23Apple International Co., Ltd. to Report Q2, 2023 Results on Aug 10, 2023Apple International Co., Ltd. announced that they will report Q2, 2023 results on Aug 10, 2023Reported Earnings • May 16First quarter 2023 earnings released: EPS: JP¥23.30 (vs JP¥10.40 in 1Q 2022)First quarter 2023 results: EPS: JP¥23.30 (up from JP¥10.40 in 1Q 2022). Revenue: JP¥7.99b (up 48% from 1Q 2022). Net income: JP¥301.0m (up 109% from 1Q 2022). Profit margin: 3.8% (up from 2.7% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 31Full year 2022 earnings released: EPS: JP¥99.25 (vs JP¥29.10 in FY 2021)Full year 2022 results: EPS: JP¥99.25 (up from JP¥29.10 in FY 2021). Revenue: JP¥29.2b (up 57% from FY 2021). Net income: JP¥1.33b (up 230% from FY 2021). Profit margin: 4.6% (up from 2.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 22Full year 2022 earnings released: EPS: JP¥99.25 (vs JP¥29.10 in FY 2021)Full year 2022 results: EPS: JP¥99.25 (up from JP¥29.10 in FY 2021). Revenue: JP¥29.2b (up 57% from FY 2021). Net income: JP¥1.33b (up 230% from FY 2021). Profit margin: 4.6% (up from 2.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 20Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥287, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 11x in the Specialty Retail industry in Japan. Total returns to shareholders of 45% over the past three years.공고 • Feb 19Apple International Co., Ltd., Annual General Meeting, Mar 24, 2023Apple International Co., Ltd., Annual General Meeting, Mar 24, 2023.공고 • Dec 28Apple International Co., Ltd. to Report Fiscal Year 2022 Results on Feb 17, 2023Apple International Co., Ltd. announced that they will report fiscal year 2022 results on Feb 17, 2023Upcoming Dividend • Dec 22Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 28 March 2023. Payout ratio is a comfortable 5.4% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (1.5%).Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 7 highly experienced directors. No independent directors (7 non-independent directors). GM of Administration & Director Shigeki Shimizu was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: JP¥48.10 (vs JP¥1.30 in 3Q 2021)Third quarter 2022 results: EPS: JP¥48.10 (up from JP¥1.30 in 3Q 2021). Revenue: JP¥10.3b (up 290% from 3Q 2021). Net income: JP¥625.0m (up JP¥607.0m from 3Q 2021). Profit margin: 6.1% (up from 0.7% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥417, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 11x in the Specialty Retail industry in Japan. Total returns to shareholders of 103% over the past three years.Valuation Update With 7 Day Price Move • Sep 01Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥355, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 11x in the Specialty Retail industry in Japan. Total returns to shareholders of 76% over the past three years.Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: JP¥28.52 (vs JP¥5.13 in 2Q 2021)Second quarter 2022 results: EPS: JP¥28.52 (up from JP¥5.13 in 2Q 2021). Revenue: JP¥7.46b (up 87% from 2Q 2021). Net income: JP¥395.0m (up 456% from 2Q 2021). Profit margin: 5.3% (up from 1.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 08Investor sentiment improved over the past weekAfter last week's 38% share price gain to JP¥303, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 11x in the Specialty Retail industry in Japan. Total returns to shareholders of 50% over the past three years.공고 • Jul 08Apple International Co., Ltd. (TSE:2788) announces an Equity Buyback for 930,200 shares, representing 6.72% for ¥199.99 million.Apple International Co., Ltd. (TSE:2788) announces a share repurchase program. Under the program, the company will repurchase up to 930,200 shares, representing 6.72% of its share capital, for ¥199.99 million. The shares will be repurchased at a price of ¥215 per share. The purpose of the program is to improve capital efficiency. The program will expire on July 8, 2022.공고 • Jun 19Apple International Co., Ltd. to Report Q2, 2022 Results on Aug 12, 2022Apple International Co., Ltd. announced that they will report Q2, 2022 results on Aug 12, 2022Reported Earnings • May 16First quarter 2022 earnings released: EPS: JP¥10.40 (vs JP¥15.02 in 1Q 2021)First quarter 2022 results: EPS: JP¥10.40 (down from JP¥15.02 in 1Q 2021). Revenue: JP¥5.39b (down 16% from 1Q 2021). Net income: JP¥144.0m (down 31% from 1Q 2021). Profit margin: 2.7% (down from 3.2% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 7 highly experienced directors. No independent directors (7 non-independent directors). GM of Administration & Director Shigeki Shimizu was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.공고 • Apr 08Apple International Co., Ltd. to Report Q1, 2022 Results on May 13, 2022Apple International Co., Ltd. announced that they will report Q1, 2022 results on May 13, 2022Reported Earnings • Apr 02Full year 2021 earnings released: EPS: JP¥29.10 (vs JP¥23.70 in FY 2020)Full year 2021 results: EPS: JP¥29.10 (up from JP¥23.70 in FY 2020). Revenue: JP¥18.7b (down 4.6% from FY 2020). Net income: JP¥403.0m (up 23% from FY 2020). Profit margin: 2.2% (up from 1.7% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Mar 15Investor sentiment improved over the past weekAfter last week's 20% share price gain to JP¥208, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 10x in the Specialty Retail industry in Japan. Total loss to shareholders of 16% over the past three years.공고 • Feb 20Apple International Co., Ltd., Annual General Meeting, Mar 25, 2022Apple International Co., Ltd., Annual General Meeting, Mar 25, 2022.Reported Earnings • Feb 20Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: JP¥29.10 (up from JP¥23.70 in FY 2020). Revenue: JP¥18.7b (down 4.6% from FY 2020). Net income: JP¥403.0m (up 23% from FY 2020). Profit margin: 2.2% (up from 1.7% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Dec 22Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. Payout ratio is a comfortable 16% and the cash payout ratio is 75%. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%).Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS JP¥1.30 (vs JP¥7.80 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥2.63b (down 49% from 3Q 2020). Net income: JP¥18.0m (down 83% from 3Q 2020). Profit margin: 0.7% (down from 2.1% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Aug 16Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to JP¥300, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 11x in the Specialty Retail industry in Japan. Negligible returns to shareholders over past three years.Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥369, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 11x in the Specialty Retail industry in Japan. Total returns to shareholders of 17% over the past three years.Reported Earnings • May 18First quarter 2021 earnings released: EPS JP¥15.02 (vs JP¥0.87 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥6.43b (up 25% from 1Q 2020). Net income: JP¥208.0m (up JP¥196.0m from 1Q 2020). Profit margin: 3.2% (up from 0.2% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Reported Earnings • Apr 02Full year 2020 earnings released: EPS JP¥23.70 (vs JP¥11.42 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥19.6b (up 11% from FY 2019). Net income: JP¥328.0m (up 108% from FY 2019). Profit margin: 1.7% (up from 0.9% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.공고 • Feb 21Apple International Co., Ltd., Annual General Meeting, Mar 26, 2021Apple International Co., Ltd., Annual General Meeting, Mar 26, 2021.Reported Earnings • Feb 21Full year 2020 earnings released: EPS JP¥23.70 (vs JP¥11.42 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥19.6b (up 11% from FY 2019). Net income: JP¥328.0m (up 108% from FY 2019). Profit margin: 1.7% (up from 0.9% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Feb 12New 90-day high: JP¥315The company is up 59% from its price of JP¥198 on 13 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 7.0% over the same period.Is New 90 Day High Low • Jan 21New 90-day high: JP¥284The company is up 50% from its price of JP¥189 on 23 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 10.0% over the same period.공고 • Dec 30Apple International Co., Ltd. to Report Fiscal Year 2020 Results on Feb 19, 2021Apple International Co., Ltd. announced that they will report fiscal year 2020 results on Feb 19, 2021Is New 90 Day High Low • Dec 30New 90-day high: JP¥274The company is up 47% from its price of JP¥187 on 30 September 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 14% over the same period.Valuation Update With 7 Day Price Move • Dec 10Market bids up stock over the past weekAfter last week's 18% share price gain to JP¥260, the stock is trading at a trailing P/E ratio of 15.4x, up from the previous P/E ratio of 13.1x. This compares to an average P/E of 13x in the Specialty Retail industry in Japan. Total return to shareholders over the past three years is a loss of 17%.Valuation Update With 7 Day Price Move • Dec 07Market bids up stock over the past weekAfter last week's 24% share price gain to JP¥257, the stock is trading at a trailing P/E ratio of 15.3x, up from the previous P/E ratio of 12.3x. This compares to an average P/E of 13x in the Specialty Retail industry in Japan. Total return to shareholders over the past three years is a loss of 18%.Is New 90 Day High Low • Dec 02New 90-day high: JP¥219The company is up 22% from its price of JP¥180 on 03 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 15% over the same period.공고 • Sep 03Apple International Co., Ltd. to Report Q3, 2020 Results on Nov 13, 2020Apple International Co., Ltd. announced that they will report Q3, 2020 results on Nov 13, 2020공고 • Aug 09Apple International Co., Ltd. to Report Q2, 2020 Results on Aug 14, 2020Apple International Co., Ltd. announced that they will report Q2, 2020 results on Aug 14, 2020주주 수익률2788JP Specialty RetailJP 시장7D3.2%-7.1%1.8%1Y14.0%39.9%44.6%전체 주주 수익률 보기수익률 대 산업: 2788은 지난 1년 동안 40.6%의 수익을 기록한 JP Specialty Retail 산업보다 저조한 성과를 냈습니다.수익률 대 시장: 2788은 지난 1년 동안 42.6%를 기록한 JP 시장보다 저조한 성과를 냈습니다.주가 변동성Is 2788's price volatile compared to industry and market?2788 volatility2788 Average Weekly Movement4.8%Specialty Retail Industry Average Movement4.0%Market Average Movement4.3%10% most volatile stocks in JP Market9.3%10% least volatile stocks in JP Market2.1%안정적인 주가: 2788는 지난 3개월 동안 JP 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: 2788의 주간 변동성(5%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트199683Yoshinobu Kubowww.apple-international.com애플 인터내셔널은 일본 및 해외에서 자동차 수출업체로 활동하고 있습니다. 또한 중고차 프랜차이즈 사업과 자동차 경매 사업에도 관여하고 있습니다. 애플 인터내셔널은 1996년에 설립되었으며 일본 욧카이치에 본사를 두고 있습니다.더 보기Apple International Co., Ltd. 기초 지표 요약Apple International의 순이익과 매출은 시가총액과 어떻게 비교됩니까?2788 기초 통계시가총액JP¥5.04b순이익 (TTM)JP¥1.08b매출 (TTM)JP¥44.36b4.7x주가수익비율(P/E)0.1x주가매출비율(P/S)2788는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표2788 손익계산서 (TTM)매출JP¥44.36b매출원가JP¥41.09b총이익JP¥3.27b기타 비용JP¥2.19b순이익JP¥1.08b최근 보고된 실적Mar 31, 2026다음 실적 발표일Aug 10, 2026주당순이익(EPS)83.49총이익률7.37%순이익률2.43%부채/자본 비율78.0%2788의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당2.6%현재 배당 수익률12%배당 성향View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/15 00:55종가2026/07/15 00:00수익2026/03/31연간 수익2025/12/31데이터 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 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Apple International Co., Ltd.는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
공고 • Jun 26Apple International Co., Ltd. to Report Q2, 2026 Results on Aug 10, 2026Apple International Co., Ltd. announced that they will report Q2, 2026 results on Aug 10, 2026
Valuation Update With 7 Day Price Move • May 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥384, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 45% over the past three years.
Reported Earnings • May 19First quarter 2026 earnings released: EPS: JP¥28.95 (vs JP¥6.23 in 1Q 2025)First quarter 2026 results: EPS: JP¥28.95 (up from JP¥6.23 in 1Q 2025). Revenue: JP¥13.4b (up 36% from 1Q 2025). Net income: JP¥372.0m (up 365% from 1Q 2025). Profit margin: 2.8% (up from 0.8% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
New Risk • May 19New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (JP¥4.45b market cap, or US$28.0m).
Reported Earnings • Apr 04Full year 2025 earnings released: EPS: JP¥61.29 (vs JP¥93.29 in FY 2024)Full year 2025 results: EPS: JP¥61.29 (down from JP¥93.29 in FY 2024). Revenue: JP¥40.8b (down 6.8% from FY 2024). Net income: JP¥787.0m (down 34% from FY 2024). Profit margin: 1.9% (down from 2.7% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Reported Earnings • Feb 16Full year 2025 earnings released: EPS: JP¥61.29 (vs JP¥93.29 in FY 2024)Full year 2025 results: EPS: JP¥61.29 (down from JP¥93.29 in FY 2024). Revenue: JP¥40.8b (down 6.8% from FY 2024). Net income: JP¥787.0m (down 34% from FY 2024). Profit margin: 1.9% (down from 2.7% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
공고 • Jun 26Apple International Co., Ltd. to Report Q2, 2026 Results on Aug 10, 2026Apple International Co., Ltd. announced that they will report Q2, 2026 results on Aug 10, 2026
Valuation Update With 7 Day Price Move • May 21Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥384, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 45% over the past three years.
Reported Earnings • May 19First quarter 2026 earnings released: EPS: JP¥28.95 (vs JP¥6.23 in 1Q 2025)First quarter 2026 results: EPS: JP¥28.95 (up from JP¥6.23 in 1Q 2025). Revenue: JP¥13.4b (up 36% from 1Q 2025). Net income: JP¥372.0m (up 365% from 1Q 2025). Profit margin: 2.8% (up from 0.8% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
New Risk • May 19New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (JP¥4.45b market cap, or US$28.0m).
Reported Earnings • Apr 04Full year 2025 earnings released: EPS: JP¥61.29 (vs JP¥93.29 in FY 2024)Full year 2025 results: EPS: JP¥61.29 (down from JP¥93.29 in FY 2024). Revenue: JP¥40.8b (down 6.8% from FY 2024). Net income: JP¥787.0m (down 34% from FY 2024). Profit margin: 1.9% (down from 2.7% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Reported Earnings • Feb 16Full year 2025 earnings released: EPS: JP¥61.29 (vs JP¥93.29 in FY 2024)Full year 2025 results: EPS: JP¥61.29 (down from JP¥93.29 in FY 2024). Revenue: JP¥40.8b (down 6.8% from FY 2024). Net income: JP¥787.0m (down 34% from FY 2024). Profit margin: 1.9% (down from 2.7% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
공고 • Feb 13Apple International Co., Ltd., Annual General Meeting, Mar 27, 2026Apple International Co., Ltd., Annual General Meeting, Mar 27, 2026.
공고 • Dec 27Apple International Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026Apple International Co., Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026
Upcoming Dividend • Dec 22Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 31 March 2026. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).
Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: JP¥18.38 (vs JP¥26.71 in 3Q 2024)Third quarter 2025 results: EPS: JP¥18.38 (down from JP¥26.71 in 3Q 2024). Revenue: JP¥10.8b (up 4.5% from 3Q 2024). Net income: JP¥236.0m (down 31% from 3Q 2024). Profit margin: 2.2% (down from 3.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
공고 • Sep 23Apple International Co., Ltd. to Report Q3, 2025 Results on Nov 14, 2025Apple International Co., Ltd. announced that they will report Q3, 2025 results on Nov 14, 2025
Reported Earnings • Aug 10Second quarter 2025 earnings released: EPS: JP¥1.95 (vs JP¥19.62 in 2Q 2024)Second quarter 2025 results: EPS: JP¥1.95 (down from JP¥19.62 in 2Q 2024). Revenue: JP¥8.83b (down 9.7% from 2Q 2024). Net income: JP¥25.0m (down 90% from 2Q 2024). Profit margin: 0.3% (down from 2.6% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
공고 • Jun 26Apple International Co., Ltd. to Report Q2, 2025 Results on Aug 08, 2025Apple International Co., Ltd. announced that they will report Q2, 2025 results on Aug 08, 2025
New Risk • May 11New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.1% net profit margin). Market cap is less than US$100m (JP¥5.16b market cap, or US$35.5m).
Reported Earnings • May 11First quarter 2025 earnings released: EPS: JP¥6.23 (vs JP¥33.02 in 1Q 2024)First quarter 2025 results: EPS: JP¥6.23 (down from JP¥33.02 in 1Q 2024). Revenue: JP¥9.86b (down 26% from 1Q 2024). Net income: JP¥80.0m (down 81% from 1Q 2024). Profit margin: 0.8% (down from 3.2% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥335, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 83% over the past three years.
분석 기사 • Apr 05With EPS Growth And More, Apple International (TSE:2788) Makes An Interesting CaseIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
공고 • Mar 27Apple International Co., Ltd. to Report Q1, 2025 Results on May 09, 2025Apple International Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025
Reported Earnings • Feb 16Full year 2024 earnings released: EPS: JP¥93.29 (vs JP¥78.11 in FY 2023)Full year 2024 results: EPS: JP¥93.29 (up from JP¥78.11 in FY 2023). Revenue: JP¥43.8b (up 42% from FY 2023). Net income: JP¥1.20b (up 19% from FY 2023). Profit margin: 2.7% (down from 3.3% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Feb 14Apple International Co., Ltd., Annual General Meeting, Mar 28, 2025Apple International Co., Ltd., Annual General Meeting, Mar 28, 2025.
공고 • Jan 03Apple International Co., Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025Apple International Co., Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025
Upcoming Dividend • Dec 20Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 31 March 2025. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).
New Risk • Nov 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.8% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (2.5% net profit margin). Market cap is less than US$100m (JP¥6.27b market cap, or US$40.6m).
Valuation Update With 7 Day Price Move • Nov 18Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥488, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 102% over the past three years.
Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: JP¥26.71 (vs JP¥18.31 in 3Q 2023)Third quarter 2024 results: EPS: JP¥26.71 (up from JP¥18.31 in 3Q 2023). Revenue: JP¥10.4b (up 40% from 3Q 2023). Net income: JP¥343.0m (up 45% from 3Q 2023). Profit margin: 3.3% (up from 3.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
공고 • Sep 25Apple International Co., Ltd. to Report Q3, 2024 Results on Nov 08, 2024Apple International Co., Ltd. announced that they will report Q3, 2024 results on Nov 08, 2024
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to JP¥390, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 21% over the past three years.
분석 기사 • Aug 04Market Cool On Apple International Co., Ltd.'s (TSE:2788) Earnings Pushing Shares 25% LowerThe Apple International Co., Ltd. ( TSE:2788 ) share price has softened a substantial 25% over the previous 30 days...
분석 기사 • Aug 02Apple International (TSE:2788) Is Experiencing Growth In Returns On CapitalThere are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...
New Risk • Jul 11New 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 7.5% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (7.5% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.1% net profit margin). Market cap is less than US$100m (JP¥7.05b market cap, or US$43.6m).
공고 • Jun 22Apple International Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024Apple International Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024
Valuation Update With 7 Day Price Move • May 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥480, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 90% over the past three years.
분석 기사 • May 13Apple International (TSE:2788) Takes On Some Risk With Its Use Of DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
분석 기사 • May 13Market Might Still Lack Some Conviction On Apple International Co., Ltd. (TSE:2788) Even After 27% Share Price BoostThe Apple International Co., Ltd. ( TSE:2788 ) share price has done very well over the last month, posting an excellent...
Reported Earnings • May 13First quarter 2024 earnings released: EPS: JP¥33.02 (vs JP¥23.30 in 1Q 2023)First quarter 2024 results: EPS: JP¥33.02 (up from JP¥23.30 in 1Q 2023). Revenue: JP¥13.4b (up 67% from 1Q 2023). Net income: JP¥424.0m (up 41% from 1Q 2023). Profit margin: 3.2% (down from 3.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
공고 • Mar 28Apple International Co., Ltd. to Report Q1, 2024 Results on May 10, 2024Apple International Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024
Reported Earnings • Feb 19Full year 2023 earnings released: EPS: JP¥78.11 (vs JP¥99.25 in FY 2022)Full year 2023 results: EPS: JP¥78.11 (down from JP¥99.25 in FY 2022). Revenue: JP¥30.9b (up 5.8% from FY 2022). Net income: JP¥1.01b (down 24% from FY 2022). Profit margin: 3.3% (down from 4.6% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
공고 • Feb 19Apple International Co., Ltd., Annual General Meeting, Mar 28, 2024Apple International Co., Ltd., Annual General Meeting, Mar 28, 2024.
공고 • Dec 21Apple International Co., Ltd. to Report Fiscal Year 2023 Results on Feb 16, 2024Apple International Co., Ltd. announced that they will report fiscal year 2023 results on Feb 16, 2024
Upcoming Dividend • Dec 21Upcoming dividend of JP¥15.00 per share at 1.2% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 27 March 2024. Payout ratio is a comfortable 5.4% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.4%).
New Risk • Nov 22New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.5% average weekly change). Minor Risks Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Market cap is less than US$100m (JP¥5.56b market cap, or US$37.5m).
Reported Earnings • Nov 12Third quarter 2023 earnings released: EPS: JP¥18.31 (vs JP¥48.10 in 3Q 2022)Third quarter 2023 results: EPS: JP¥18.31 (down from JP¥48.10 in 3Q 2022). Revenue: JP¥7.42b (down 28% from 3Q 2022). Net income: JP¥236.0m (down 62% from 3Q 2022). Profit margin: 3.2% (down from 6.1% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
공고 • Sep 21Apple International Co., Ltd. to Report Q3, 2023 Results on Nov 10, 2023Apple International Co., Ltd. announced that they will report Q3, 2023 results on Nov 10, 2023
공고 • Sep 01Apple International Co., Ltd. (TSE:2788) announces an Equity Buyback for 90,000 shares, representing 0.7% for ¥45.27 million.Apple International Co., Ltd. (TSE:2788) announces a share repurchase program. Under the program, the company will repurchase up to 90,000 shares, representing 0.70% of its issued share capital (excluding treasury stock), for a total purchase price of ¥45.27 million. The shares will be repurchased at a price of ¥503 per share. The purpose of the program is to improve capital efficiency. As of June 30, 2023, the company has 12,921,124 issued shares (excluding treasury stock) and 930,276 treasury shares.
New Risk • Aug 22New 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 7.6% 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 Risks Share price has been highly volatile over the past 3 months (7.6% average weekly change). High level of non-cash earnings (49% accrual ratio). Minor Risk Market cap is less than US$100m (JP¥5.88b market cap, or US$40.4m).
New Risk • Aug 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 49% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (49% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (JP¥5.67b market cap, or US$38.9m).
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: JP¥37.38 (vs JP¥28.52 in 2Q 2022)Second quarter 2023 results: EPS: JP¥37.38 (up from JP¥28.52 in 2Q 2022). Revenue: JP¥8.13b (up 8.9% from 2Q 2022). Net income: JP¥483.0m (up 22% from 2Q 2022). Profit margin: 5.9% (up from 5.3% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 04Investor sentiment improves as stock rises 24%After last week's 24% share price gain to JP¥454, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 236% over the past three years.
New Risk • Jul 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.1% 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 Share price has been volatile over the past 3 months (5.1% average weekly change). Market cap is less than US$100m (JP¥4.29b market cap, or US$30.9m).
공고 • Jun 23Apple International Co., Ltd. to Report Q2, 2023 Results on Aug 10, 2023Apple International Co., Ltd. announced that they will report Q2, 2023 results on Aug 10, 2023
Reported Earnings • May 16First quarter 2023 earnings released: EPS: JP¥23.30 (vs JP¥10.40 in 1Q 2022)First quarter 2023 results: EPS: JP¥23.30 (up from JP¥10.40 in 1Q 2022). Revenue: JP¥7.99b (up 48% from 1Q 2022). Net income: JP¥301.0m (up 109% from 1Q 2022). Profit margin: 3.8% (up from 2.7% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 31Full year 2022 earnings released: EPS: JP¥99.25 (vs JP¥29.10 in FY 2021)Full year 2022 results: EPS: JP¥99.25 (up from JP¥29.10 in FY 2021). Revenue: JP¥29.2b (up 57% from FY 2021). Net income: JP¥1.33b (up 230% from FY 2021). Profit margin: 4.6% (up from 2.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 22Full year 2022 earnings released: EPS: JP¥99.25 (vs JP¥29.10 in FY 2021)Full year 2022 results: EPS: JP¥99.25 (up from JP¥29.10 in FY 2021). Revenue: JP¥29.2b (up 57% from FY 2021). Net income: JP¥1.33b (up 230% from FY 2021). Profit margin: 4.6% (up from 2.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 20Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥287, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 11x in the Specialty Retail industry in Japan. Total returns to shareholders of 45% over the past three years.
공고 • Feb 19Apple International Co., Ltd., Annual General Meeting, Mar 24, 2023Apple International Co., Ltd., Annual General Meeting, Mar 24, 2023.
공고 • Dec 28Apple International Co., Ltd. to Report Fiscal Year 2022 Results on Feb 17, 2023Apple International Co., Ltd. announced that they will report fiscal year 2022 results on Feb 17, 2023
Upcoming Dividend • Dec 22Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 28 March 2023. Payout ratio is a comfortable 5.4% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (1.5%).
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 7 highly experienced directors. No independent directors (7 non-independent directors). GM of Administration & Director Shigeki Shimizu was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: JP¥48.10 (vs JP¥1.30 in 3Q 2021)Third quarter 2022 results: EPS: JP¥48.10 (up from JP¥1.30 in 3Q 2021). Revenue: JP¥10.3b (up 290% from 3Q 2021). Net income: JP¥625.0m (up JP¥607.0m from 3Q 2021). Profit margin: 6.1% (up from 0.7% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥417, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 11x in the Specialty Retail industry in Japan. Total returns to shareholders of 103% over the past three years.
Valuation Update With 7 Day Price Move • Sep 01Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥355, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 11x in the Specialty Retail industry in Japan. Total returns to shareholders of 76% over the past three years.
Reported Earnings • Aug 15Second quarter 2022 earnings released: EPS: JP¥28.52 (vs JP¥5.13 in 2Q 2021)Second quarter 2022 results: EPS: JP¥28.52 (up from JP¥5.13 in 2Q 2021). Revenue: JP¥7.46b (up 87% from 2Q 2021). Net income: JP¥395.0m (up 456% from 2Q 2021). Profit margin: 5.3% (up from 1.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 08Investor sentiment improved over the past weekAfter last week's 38% share price gain to JP¥303, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 11x in the Specialty Retail industry in Japan. Total returns to shareholders of 50% over the past three years.
공고 • Jul 08Apple International Co., Ltd. (TSE:2788) announces an Equity Buyback for 930,200 shares, representing 6.72% for ¥199.99 million.Apple International Co., Ltd. (TSE:2788) announces a share repurchase program. Under the program, the company will repurchase up to 930,200 shares, representing 6.72% of its share capital, for ¥199.99 million. The shares will be repurchased at a price of ¥215 per share. The purpose of the program is to improve capital efficiency. The program will expire on July 8, 2022.
공고 • Jun 19Apple International Co., Ltd. to Report Q2, 2022 Results on Aug 12, 2022Apple International Co., Ltd. announced that they will report Q2, 2022 results on Aug 12, 2022
Reported Earnings • May 16First quarter 2022 earnings released: EPS: JP¥10.40 (vs JP¥15.02 in 1Q 2021)First quarter 2022 results: EPS: JP¥10.40 (down from JP¥15.02 in 1Q 2021). Revenue: JP¥5.39b (down 16% from 1Q 2021). Net income: JP¥144.0m (down 31% from 1Q 2021). Profit margin: 2.7% (down from 3.2% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 7 highly experienced directors. No independent directors (7 non-independent directors). GM of Administration & Director Shigeki Shimizu was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
공고 • Apr 08Apple International Co., Ltd. to Report Q1, 2022 Results on May 13, 2022Apple International Co., Ltd. announced that they will report Q1, 2022 results on May 13, 2022
Reported Earnings • Apr 02Full year 2021 earnings released: EPS: JP¥29.10 (vs JP¥23.70 in FY 2020)Full year 2021 results: EPS: JP¥29.10 (up from JP¥23.70 in FY 2020). Revenue: JP¥18.7b (down 4.6% from FY 2020). Net income: JP¥403.0m (up 23% from FY 2020). Profit margin: 2.2% (up from 1.7% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Mar 15Investor sentiment improved over the past weekAfter last week's 20% share price gain to JP¥208, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 10x in the Specialty Retail industry in Japan. Total loss to shareholders of 16% over the past three years.
공고 • Feb 20Apple International Co., Ltd., Annual General Meeting, Mar 25, 2022Apple International Co., Ltd., Annual General Meeting, Mar 25, 2022.
Reported Earnings • Feb 20Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: JP¥29.10 (up from JP¥23.70 in FY 2020). Revenue: JP¥18.7b (down 4.6% from FY 2020). Net income: JP¥403.0m (up 23% from FY 2020). Profit margin: 2.2% (up from 1.7% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. Payout ratio is a comfortable 16% and the cash payout ratio is 75%. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%).
Reported Earnings • Nov 15Third quarter 2021 earnings released: EPS JP¥1.30 (vs JP¥7.80 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥2.63b (down 49% from 3Q 2020). Net income: JP¥18.0m (down 83% from 3Q 2020). Profit margin: 0.7% (down from 2.1% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Aug 16Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to JP¥300, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 11x in the Specialty Retail industry in Japan. Negligible returns to shareholders over past three years.
Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥369, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 11x in the Specialty Retail industry in Japan. Total returns to shareholders of 17% over the past three years.
Reported Earnings • May 18First quarter 2021 earnings released: EPS JP¥15.02 (vs JP¥0.87 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥6.43b (up 25% from 1Q 2020). Net income: JP¥208.0m (up JP¥196.0m from 1Q 2020). Profit margin: 3.2% (up from 0.2% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Reported Earnings • Apr 02Full year 2020 earnings released: EPS JP¥23.70 (vs JP¥11.42 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥19.6b (up 11% from FY 2019). Net income: JP¥328.0m (up 108% from FY 2019). Profit margin: 1.7% (up from 0.9% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
공고 • Feb 21Apple International Co., Ltd., Annual General Meeting, Mar 26, 2021Apple International Co., Ltd., Annual General Meeting, Mar 26, 2021.
Reported Earnings • Feb 21Full year 2020 earnings released: EPS JP¥23.70 (vs JP¥11.42 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥19.6b (up 11% from FY 2019). Net income: JP¥328.0m (up 108% from FY 2019). Profit margin: 1.7% (up from 0.9% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Feb 12New 90-day high: JP¥315The company is up 59% from its price of JP¥198 on 13 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 7.0% over the same period.
Is New 90 Day High Low • Jan 21New 90-day high: JP¥284The company is up 50% from its price of JP¥189 on 23 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 10.0% over the same period.
공고 • Dec 30Apple International Co., Ltd. to Report Fiscal Year 2020 Results on Feb 19, 2021Apple International Co., Ltd. announced that they will report fiscal year 2020 results on Feb 19, 2021
Is New 90 Day High Low • Dec 30New 90-day high: JP¥274The company is up 47% from its price of JP¥187 on 30 September 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 14% over the same period.
Valuation Update With 7 Day Price Move • Dec 10Market bids up stock over the past weekAfter last week's 18% share price gain to JP¥260, the stock is trading at a trailing P/E ratio of 15.4x, up from the previous P/E ratio of 13.1x. This compares to an average P/E of 13x in the Specialty Retail industry in Japan. Total return to shareholders over the past three years is a loss of 17%.
Valuation Update With 7 Day Price Move • Dec 07Market bids up stock over the past weekAfter last week's 24% share price gain to JP¥257, the stock is trading at a trailing P/E ratio of 15.3x, up from the previous P/E ratio of 12.3x. This compares to an average P/E of 13x in the Specialty Retail industry in Japan. Total return to shareholders over the past three years is a loss of 18%.
Is New 90 Day High Low • Dec 02New 90-day high: JP¥219The company is up 22% from its price of JP¥180 on 03 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 15% over the same period.
공고 • Sep 03Apple International Co., Ltd. to Report Q3, 2020 Results on Nov 13, 2020Apple International Co., Ltd. announced that they will report Q3, 2020 results on Nov 13, 2020
공고 • Aug 09Apple International Co., Ltd. to Report Q2, 2020 Results on Aug 14, 2020Apple International Co., Ltd. announced that they will report Q2, 2020 results on Aug 14, 2020
