WILLPLUS Holdings (3538) 주식 개요윌플러스 홀딩스는 일본에서 신차 및 중고차를 수입 및 판매하는 회사입니다. 자세히 보기3538 펀더멘털 분석스노우플레이크 점수가치 평가4/6미래 성장0/6과거 실적1/6재무 건전성3/6배당5/6강점공정 가치 추정치보다 낮은 58.5% 에서 거래위험 분석지난 5년간 매년 수익이 3.4% 감소했습니다.부채는 operating cash flow로 충분히 감당되지 않습니다.의미 있는 시가총액이 없습니다(¥8B)이익 마진 (1.3%)이 지난해 (2%)보다 낮습니다.+ 위험 1건 추가모든 위험 점검 보기3538 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¥934.0032.8% 저평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0227b2016201920222025202620282031Revenue JP¥227.2bEarnings JP¥2.9bAdvancedSet Fair ValueView all narrativesWILLPLUS Holdings Corporation 경쟁사International Conglomerate of Distribution for Automobile HoldingsSymbol: TSE:3184Market cap: JP¥9.1bUP GARAGE GROUPSymbol: TSE:7134Market cap: JP¥10.1bI.A GroupSymbol: TSE:7509Market cap: JP¥7.0bApple InternationalSymbol: TSE:2788Market cap: JP¥5.0b가격 이력 및 성과WILLPLUS Holdings 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가JP¥934.0052주 최고가JP¥1,088.0052주 최저가JP¥922.00베타0.311개월 변동-7.80%3개월 변동-10.71%1년 변동-7.89%3년 변동-17.78%5년 변동-26.63%IPO 이후 변동138.57%최근 뉴스 및 업데이트Reported Earnings • May 18Third quarter 2026 earnings released: EPS: JP¥12.98 (vs JP¥51.61 in 3Q 2025)Third quarter 2026 results: EPS: JP¥12.98 (down from JP¥51.61 in 3Q 2025). Revenue: JP¥25.7b (up 2.2% from 3Q 2025). Net income: JP¥118.0m (down 75% from 3Q 2025). Profit margin: 0.5% (down from 1.9% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Declared Dividend • Mar 10First half dividend of JP¥28.00 announcedShareholders will receive a dividend of JP¥28.00. Ex-date: 29th June 2026 Payment date: 11th September 2026 Dividend yield will be 4.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 14Second quarter 2026 earnings released: EPS: JP¥53.56 (vs JP¥43.88 in 2Q 2025)Second quarter 2026 results: EPS: JP¥53.56 (up from JP¥43.88 in 2Q 2025). Revenue: JP¥21.4b (up 1.7% from 2Q 2025). Net income: JP¥487.0m (up 22% from 2Q 2025). Profit margin: 2.3% (up from 1.9% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Upcoming Dividend • Dec 22Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 March 2026. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).분석 기사 • Dec 03WILLPLUS Holdings (TSE:3538) Will Pay A Dividend Of ¥18.00WILLPLUS Holdings Corporation ( TSE:3538 ) will pay a dividend of ¥18.00 on the 10th of March. This will take the...공시 • Dec 03WILLPLUS Holdings Corporation to Report Q2, 2026 Results on Feb 12, 2026WILLPLUS Holdings Corporation announced that they will report Q2, 2026 results on Feb 12, 2026더 많은 업데이트 보기Recent updatesReported Earnings • May 18Third quarter 2026 earnings released: EPS: JP¥12.98 (vs JP¥51.61 in 3Q 2025)Third quarter 2026 results: EPS: JP¥12.98 (down from JP¥51.61 in 3Q 2025). Revenue: JP¥25.7b (up 2.2% from 3Q 2025). Net income: JP¥118.0m (down 75% from 3Q 2025). Profit margin: 0.5% (down from 1.9% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Declared Dividend • Mar 10First half dividend of JP¥28.00 announcedShareholders will receive a dividend of JP¥28.00. Ex-date: 29th June 2026 Payment date: 11th September 2026 Dividend yield will be 4.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 14Second quarter 2026 earnings released: EPS: JP¥53.56 (vs JP¥43.88 in 2Q 2025)Second quarter 2026 results: EPS: JP¥53.56 (up from JP¥43.88 in 2Q 2025). Revenue: JP¥21.4b (up 1.7% from 2Q 2025). Net income: JP¥487.0m (up 22% from 2Q 2025). Profit margin: 2.3% (up from 1.9% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Upcoming Dividend • Dec 22Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 March 2026. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).분석 기사 • Dec 03WILLPLUS Holdings (TSE:3538) Will Pay A Dividend Of ¥18.00WILLPLUS Holdings Corporation ( TSE:3538 ) will pay a dividend of ¥18.00 on the 10th of March. This will take the...공시 • Dec 03WILLPLUS Holdings Corporation to Report Q2, 2026 Results on Feb 12, 2026WILLPLUS Holdings Corporation announced that they will report Q2, 2026 results on Feb 12, 2026Reported Earnings • Nov 16First quarter 2026 earnings released: EPS: JP¥25.52 (vs JP¥29.91 in 1Q 2025)First quarter 2026 results: EPS: JP¥25.52 (down from JP¥29.91 in 1Q 2025). Revenue: JP¥20.7b (up 3.4% from 1Q 2025). Net income: JP¥232.0m (down 15% from 1Q 2025). Profit margin: 1.1% (down from 1.4% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Board Change • Oct 17Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Kazuhiro Ueno was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Oct 17WILLPLUS Holdings Corporation (TSE:3538) signed a letter of intent to acquire BMW authorized dealership business of Wako Motoren K.K. from Wako Motoren K.K.WILLPLUS Holdings Corporation (TSE:3538) signed a letter of intent to acquire BMW authorized dealership business of Wako Motoren K.K. from Wako Motoren K.K. on October 16, 2025. The expected completion of the transaction is early January 2026.분석 기사 • Oct 05WILLPLUS Holdings (TSE:3538) Will Pay A Dividend Of ¥18.00The board of WILLPLUS Holdings Corporation ( TSE:3538 ) has announced that it will pay a dividend on the 10th of March...Declared Dividend • Oct 05Final dividend of JP¥18.00 announcedShareholders will receive a dividend of JP¥18.00. Ex-date: 29th December 2025 Payment date: 10th March 2026 Dividend yield will be 4.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 23% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 2 years, which should provide support to the dividend and adequate earnings cover.공시 • Sep 03WILLPLUS Holdings Corporation to Report Q1, 2026 Results on Nov 13, 2025WILLPLUS Holdings Corporation announced that they will report Q1, 2026 results on Nov 13, 2025New Risk • Aug 16New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.6% Last year net profit margin: 2.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk 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 (1.6% net profit margin). Market cap is less than US$100m (JP¥9.08b market cap, or US$61.7m).Reported Earnings • Aug 16Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥158 (up from JP¥116 in FY 2024). Revenue: JP¥88.6b (up 86% from FY 2024). Net income: JP¥1.44b (up 28% from FY 2024). Profit margin: 1.6% (down from 2.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.0%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat.공시 • Aug 14WILLPLUS Holdings Corporation, Annual General Meeting, Sep 25, 2025WILLPLUS Holdings Corporation, Annual General Meeting, Sep 25, 2025.공시 • Jun 27WILLPLUS Holdings Corporation to Report Fiscal Year 2025 Results on Aug 14, 2025WILLPLUS Holdings Corporation announced that they will report fiscal year 2025 results on Aug 14, 2025Upcoming Dividend • Jun 20Upcoming dividend of JP¥28.06 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 20 October 2025. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.6%).Reported Earnings • May 17Third quarter 2025 earnings released: EPS: JP¥51.61 (vs JP¥23.37 in 3Q 2024)Third quarter 2025 results: EPS: JP¥51.61 (up from JP¥23.37 in 3Q 2024). Revenue: JP¥25.2b (up 108% from 3Q 2024). Net income: JP¥471.0m (up 107% from 3Q 2024). Profit margin: 1.9% (in line with 3Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.분석 기사 • May 15WILLPLUS Holdings (TSE:3538) Is Increasing Its Dividend To ¥28.06The board of WILLPLUS Holdings Corporation ( TSE:3538 ) has announced that it will be paying its dividend of ¥28.06 on...공시 • May 15WILLPLUS Holdings Corporation (TSE:3538) announces an Equity Buyback for 80,000 shares, representing 0.88% for ¥100 million.WILLPLUS Holdings Corporation (TSE:3538) announces a share repurchase program. Under the program, the company will repurchase up to 80,000 shares, representing 0.88% of its issued share capital, for ¥ 100 million. The purpose of the program is to promote human capital management and improve the Company's corporate value. The program is valid till May 30, 2025. As of March 31, 2025, the company had 9,130,148 shares (excluding treasury stock) and 1,272,072 shares in treasury.분석 기사 • Apr 09Take Care Before Diving Into The Deep End On WILLPLUS Holdings Corporation (TSE:3538)When close to half the companies in Japan have price-to-earnings ratios (or "P/E's") above 12x, you may consider...Buy Or Sell Opportunity • Apr 08Now 20% overvaluedOver the last 90 days, the stock has fallen 5.1% to JP¥949. The fair value is estimated to be JP¥790, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 49% in the next 2 years.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¥850, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Specialty Retail industry in Japan. Total returns to shareholders of 5.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥796 per share.분석 기사 • Mar 11WILLPLUS Holdings' (TSE:3538) Upcoming Dividend Will Be Larger Than Last Year'sWILLPLUS Holdings Corporation's ( TSE:3538 ) dividend will be increasing from last year's payment of the same period to...Declared Dividend • Mar 11First half dividend of JP¥28.06 announcedShareholders will receive a dividend of JP¥28.06. Ex-date: 27th June 2025 Payment date: 20th October 2025 Dividend yield will be 4.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 23% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Mar 06WILLPLUS Holdings Corporation to Report Q3, 2025 Results on May 13, 2025WILLPLUS Holdings Corporation announced that they will report Q3, 2025 results on May 13, 2025분석 기사 • Feb 21Concerns Surrounding WILLPLUS Holdings' (TSE:3538) PerformanceWILLPLUS Holdings Corporation's ( TSE:3538 ) robust recent earnings didn't do much to move the stock. However the...Buy Or Sell Opportunity • Feb 19Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 1.6% to JP¥1,011. The fair value is estimated to be JP¥841, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 50% in 2 years. Earnings are forecast to grow by 45% in the next 2 years.Reported Earnings • Feb 15Second quarter 2025 earnings released: EPS: JP¥43.88 (vs JP¥24.75 in 2Q 2024)Second quarter 2025 results: EPS: JP¥43.88 (up from JP¥24.75 in 2Q 2024). Revenue: JP¥21.0b (up 83% from 2Q 2024). Net income: JP¥400.0m (up 66% from 2Q 2024). Profit margin: 1.9% (down from 2.1% in 2Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Upcoming Dividend • Dec 20Upcoming dividend of JP¥17.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 11 March 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).분석 기사 • Dec 06WILLPLUS Holdings' (TSE:3538) Dividend Will Be ¥17.00The board of WILLPLUS Holdings Corporation ( TSE:3538 ) has announced that it will pay a dividend of ¥17.00 per share...공시 • Dec 06WILLPLUS Holdings Corporation to Report Q2, 2025 Results on Feb 13, 2025WILLPLUS Holdings Corporation announced that they will report Q2, 2025 results on Feb 13, 2025Reported Earnings • Nov 16First quarter 2025 earnings released: EPS: JP¥29.91 (vs JP¥20.58 in 1Q 2024)First quarter 2025 results: EPS: JP¥29.91 (up from JP¥20.58 in 1Q 2024). Revenue: JP¥20.0b (up 76% from 1Q 2024). Net income: JP¥272.0m (up 36% from 1Q 2024). Profit margin: 1.4% (down from 1.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has remained flat, which means it is well ahead of earnings.분석 기사 • Oct 20WILLPLUS Holdings (TSE:3538) Will Pay A Dividend Of ¥17.00The board of WILLPLUS Holdings Corporation ( TSE:3538 ) has announced that it will pay a dividend of ¥17.00 per share...Declared Dividend • Oct 19Final dividend of JP¥17.00 announcedShareholders will receive a dividend of JP¥17.00. Ex-date: 27th December 2024 Payment date: 11th March 2025 Dividend yield will be 4.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 26% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 66% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Oct 17WILLPLUS Holdings Corporation (TSE:3538) agreed to acquire Orion Auto Sales Co., Ltd. from Takayuki Nakamura and five other individuals for approximately ¥130 million.WILLPLUS Holdings Corporation (TSE:3538) agreed to acquire Orion Auto Sales Co., Ltd. from Takayuki Nakamura and five other individuals for approximately ¥130 million on October 16, 2024. A cash consideration of ¥133 million will be paid by WILLPLUS Holdings Corporation. As part of consideration, ¥133 million is paid towards common equity of Orion Auto Sales Co., Ltd. The expected completion of the transaction is December 1, 2024.Reported Earnings • Oct 03Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥116 (down from JP¥135 in FY 2023). Revenue: JP¥47.7b (up 8.2% from FY 2023). Net income: JP¥1.12b (down 14% from FY 2023). Profit margin: 2.4% (down from 3.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 35%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.공시 • Sep 03WILLPLUS Holdings Corporation to Report Q1, 2025 Results on Nov 12, 2024WILLPLUS Holdings Corporation announced that they will report Q1, 2025 results on Nov 12, 2024Reported Earnings • Aug 19Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥116 (down from JP¥135 in FY 2023). Revenue: JP¥47.7b (up 8.2% from FY 2023). Net income: JP¥1.12b (down 14% from FY 2023). Profit margin: 2.4% (down from 3.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 35%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.분석 기사 • Aug 15Market Still Lacking Some Conviction On WILLPLUS Holdings Corporation (TSE:3538)With a median price-to-earnings (or "P/E") ratio of close to 13x in Japan, you could be forgiven for feeling...공시 • Aug 14WILLPLUS Holdings Corporation, Annual General Meeting, Sep 26, 2024WILLPLUS Holdings Corporation, Annual General Meeting, Sep 26, 2024.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥968, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Specialty Retail industry in Japan. Total returns to shareholders of 1.7% over the past three years.공시 • Jun 17WILLPLUS Holdings Corporation to Report Fiscal Year 2024 Results on Aug 14, 2024WILLPLUS Holdings Corporation announced that they will report fiscal year 2024 results on Aug 14, 2024Reported Earnings • May 19Third quarter 2024 earnings released: EPS: JP¥23.37 (vs JP¥38.39 in 3Q 2023)Third quarter 2024 results: EPS: JP¥23.37 (down from JP¥38.39 in 3Q 2023). Revenue: JP¥12.1b (up 15% from 3Q 2023). Net income: JP¥228.0m (down 38% from 3Q 2023). Profit margin: 1.9% (down from 3.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 9% per year.공시 • May 15+ 1 more updateWILLPLUS Holdings Corporation (TSE:3538) comleted the acquisition of 51% stake in Eng Inc. from Shinichiro Makino for ¥1.2 billionWILLPLUS Holdings Corporation (TSE:3538) agreed to acquire 51% stake in Eng Inc. from Shinichiro Makino for ¥1.6 billion on March 28, 2024. Eng Inc. reported net assets of ¥2,318 million, total assets of ¥5,287 million, sales of ¥28,902 million, operating profit of ¥612 million and net profit of ¥374 million as at December 2023. The transaction is expected to close on April 25, 2024. WILLPLUS Holdings Corporation (TSE:3538) comleted the acquisition of 51% stake in Eng Inc. from Shinichiro Makino for ¥1.2 billion on May 13, 2024.분석 기사 • Apr 25WILLPLUS Holdings (TSE:3538) Is Paying Out A Larger Dividend Than Last YearThe board of WILLPLUS Holdings Corporation ( TSE:3538 ) has announced that it will be paying its dividend of ¥27.51 on...Board Change • Apr 12High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. GM of Management Headquarters & Director Takuya Yoda was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.분석 기사 • Mar 30WILLPLUS Holdings (TSE:3538) Has A Somewhat Strained Balance SheetHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...분석 기사 • Mar 12WILLPLUS Holdings' (TSE:3538) Shareholders Will Receive A Bigger Dividend Than Last YearWILLPLUS Holdings Corporation ( TSE:3538 ) will increase its dividend from last year's comparable payment on the 13th...공시 • Mar 03WILLPLUS Holdings Corporation to Report Q3, 2024 Results on May 14, 2024WILLPLUS Holdings Corporation announced that they will report Q3, 2024 results on May 14, 2024분석 기사 • Feb 27WILLPLUS Holdings' (TSE:3538) Upcoming Dividend Will Be Larger Than Last Year'sThe board of WILLPLUS Holdings Corporation ( TSE:3538 ) has announced that it will be paying its dividend of ¥27.51 on...Declared Dividend • Feb 16First half dividend of JP¥27.51 announcedShareholders will receive a dividend of JP¥27.51. Ex-date: 27th June 2024 Payment date: 13th September 2024 Dividend yield will be 4.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 26% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 15Second quarter 2024 earnings released: EPS: JP¥24.75 (vs JP¥32.74 in 2Q 2023)Second quarter 2024 results: EPS: JP¥24.75 (down from JP¥32.74 in 2Q 2023). Revenue: JP¥11.5b (up 6.1% from 2Q 2023). Net income: JP¥241.0m (down 23% from 2Q 2023). Profit margin: 2.1% (down from 2.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 3% per year.Upcoming Dividend • Dec 21Upcoming dividend of JP¥16.00 per share at 4.4% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 11 March 2024. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.4%).공시 • Dec 06WILLPLUS Holdings Corporation to Report Q2, 2024 Results on Feb 13, 2024WILLPLUS Holdings Corporation announced that they will report Q2, 2024 results on Feb 13, 2024Reported Earnings • Nov 20First quarter 2024 earnings released: EPS: JP¥20.58 (vs JP¥33.34 in 1Q 2023)First quarter 2024 results: EPS: JP¥20.58 (down from JP¥33.34 in 1Q 2023). Revenue: JP¥11.4b (up 16% from 1Q 2023). Net income: JP¥200.0m (down 37% from 1Q 2023). Profit margin: 1.8% (down from 3.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.공시 • Sep 13WILLPLUS Holdings Corporation to Report Q1, 2024 Results on Nov 14, 2023WILLPLUS Holdings Corporation announced that they will report Q1, 2024 results on Nov 14, 2023New Risk • Aug 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 39% 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 (39% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥11.0b market cap, or US$75.6m).공시 • Aug 16WILLPLUS Holdings Corporation, Annual General Meeting, Sep 27, 2023WILLPLUS Holdings Corporation, Annual General Meeting, Sep 27, 2023.Reported Earnings • Aug 16Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: JP¥135 (down from JP¥163 in FY 2022). Revenue: JP¥44.1b (up 11% from FY 2022). Net income: JP¥1.30b (down 16% from FY 2022). Profit margin: 3.0% (down from 3.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jun 22Upcoming dividend of JP¥26.17 per share at 3.4% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.3%).공시 • Jun 04WILLPLUS Holdings Corporation to Report Fiscal Year 2023 Results on Aug 14, 2023WILLPLUS Holdings Corporation announced that they will report fiscal year 2023 results on Aug 14, 2023Reported Earnings • May 13Third quarter 2023 earnings released: EPS: JP¥38.39 (vs JP¥39.39 in 3Q 2022)Third quarter 2023 results: EPS: JP¥38.39 (down from JP¥39.39 in 3Q 2022). Revenue: JP¥10.5b (up 9.4% from 3Q 2022). Net income: JP¥370.0m (down 1.3% from 3Q 2022). Profit margin: 3.5% (down from 3.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year and the company’s share price has also increased by 16% per year.Board Change • Mar 19Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Nobuo Iwabuchi was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 12Second quarter 2023 earnings released: EPS: JP¥32.74 (vs JP¥51.92 in 2Q 2022)Second quarter 2023 results: EPS: JP¥32.74 (down from JP¥51.92 in 2Q 2022). Revenue: JP¥10.9b (up 4.3% from 2Q 2022). Net income: JP¥314.0m (down 36% from 2Q 2022). Profit margin: 2.9% (down from 4.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Dec 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 10 March 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%).공시 • Dec 04WILLPLUS Holdings Corporation to Report Q2, 2023 Results on Feb 10, 2023WILLPLUS Holdings Corporation announced that they will report Q2, 2023 results on Feb 10, 2023Reported Earnings • Nov 16First quarter 2023 earnings released: EPS: JP¥33.34 (vs JP¥41.83 in 1Q 2022)First quarter 2023 results: EPS: JP¥33.34 (down from JP¥41.83 in 1Q 2022). Revenue: JP¥9.81b (up 2.6% from 1Q 2022). Net income: JP¥319.0m (down 20% from 1Q 2022). Profit margin: 3.3% (down from 4.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Japan. 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 8% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 13First quarter 2023 earnings released: EPS: JP¥33.34 (vs JP¥41.83 in 1Q 2022)First quarter 2023 results: EPS: JP¥33.34 (down from JP¥41.83 in 1Q 2022). Revenue: JP¥9.81b (up 2.6% from 1Q 2022). Net income: JP¥319.0m (down 20% from 1Q 2022). Profit margin: 3.3% (down from 4.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Japan. 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 5% per year, which means it is significantly lagging earnings growth.공시 • Aug 14WILLPLUS Holdings Corporation, Annual General Meeting, Sep 28, 2022WILLPLUS Holdings Corporation, Annual General Meeting, Sep 28, 2022.Reported Earnings • Aug 14Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: JP¥163 (up from JP¥161 in FY 2021). Revenue: JP¥39.7b (down 2.6% from FY 2021). Net income: JP¥1.55b (up 1.1% from FY 2021). Profit margin: 3.9% (up from 3.8% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 12%, compared to a 7.9% growth forecast for the retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 22Upcoming dividend of JP¥29.90 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 29 September 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%).공시 • Jun 05WILLPLUS Holdings Corporation to Report Fiscal Year 2022 Results on Aug 12, 2022WILLPLUS Holdings Corporation announced that they will report fiscal year 2022 results on Aug 12, 2022Reported Earnings • May 13Third quarter 2022 earnings released: EPS: JP¥39.39 (vs JP¥37.17 in 3Q 2021)Third quarter 2022 results: EPS: JP¥39.39 (up from JP¥37.17 in 3Q 2021). Revenue: JP¥9.64b (down 2.0% from 3Q 2021). Net income: JP¥375.0m (up 6.2% from 3Q 2021). Profit margin: 3.9% (up from 3.6% in 3Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 7.2%, compared to a 7.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.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. 8 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). External Auditor Kaori Suzuki was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.공시 • Apr 07WILLPLUS Holdings Corporation to Report Q3, 2022 Results on May 11, 2022WILLPLUS Holdings Corporation announced that they will report Q3, 2022 results on May 11, 2022Buying Opportunity • Apr 07Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 9.3%. The fair value is estimated to be JP¥1,135, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to decline by 2.5% in the next 2 years.Buying Opportunity • Mar 07Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.5%. The fair value is estimated to be JP¥1,113, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% per annum over the last 3 years. Earnings per share has grown by 30% per annum over the last 3 years.공시 • Mar 03+ 1 more updateWILLPLUS Holdings Corporation Provides Earnings Guidance for the Full Year of 2022WILLPLUS Holdings Corporation provided earnings guidance for the full year of 2022. The company expects net sales of ¥41,067 million, operating profit of ¥2,149 million and profit of ¥1,386 million.Reported Earnings • Feb 12Second quarter 2022 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2022 results: EPS: JP¥51.92 (down from JP¥52.06 in 2Q 2021). Revenue: JP¥10.4b (down 2.4% from 2Q 2021). Net income: JP¥494.0m (flat on 2Q 2021). Profit margin: 4.7% (up from 4.6% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 5.4%, compared to a 7.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Dec 22Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 10 March 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%).Reported Earnings • Nov 12First quarter 2022 earnings released: EPS JP¥41.83 (vs JP¥32.25 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥9.56b (up 3.4% from 1Q 2021). Net income: JP¥398.0m (up 30% from 1Q 2021). Profit margin: 4.2% (up from 3.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Reported Earnings • Oct 05Full year 2021 earnings released: EPS JP¥161 (vs JP¥85.30 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥40.8b (up 16% from FY 2020). Net income: JP¥1.53b (up 91% from FY 2020). Profit margin: 3.8% (up from 2.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 22Upcoming dividend of JP¥20.79 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 30 September 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.1%). Higher than average of industry peers (1.3%).Reported Earnings • May 12Third quarter 2021 earnings released: EPS JP¥37.17 (vs JP¥16.79 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥9.84b (up 12% from 3Q 2020). Net income: JP¥353.0m (up 123% from 3Q 2020). Profit margin: 3.6% (up from 1.8% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.공시 • Mar 05WILLPLUS Holdings Corporation to Report Q3, 2021 Results on May 10, 2021WILLPLUS Holdings Corporation announced that they will report Q3, 2021 results on May 10, 2021Is New 90 Day High Low • Mar 03New 90-day high: JP¥1,176The company is up 67% from its price of JP¥704 on 03 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 9.0% over the same period.Reported Earnings • Feb 14Second quarter 2021 earnings released: EPS JP¥52.06 (vs JP¥18.89 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥10.7b (up 38% from 2Q 2020). Net income: JP¥494.0m (up 179% from 2Q 2020). Profit margin: 4.6% (up from 2.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improved over the past weekAfter last week's 19% share price gain to JP¥969, the stock is trading at a trailing P/E ratio of 11.5x, up from the previous P/E ratio of 9.6x. 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 24%.Is New 90 Day High Low • Feb 08New 90-day high: JP¥829The company is up 34% from its price of JP¥620 on 10 November 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 6.0% over the same period.Is New 90 Day High Low • Jan 20New 90-day high: JP¥773The company is up 32% from its price of JP¥587 on 22 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.Is New 90 Day High Low • Dec 29New 90-day high: JP¥727The company is up 31% from its price of JP¥554 on 30 September 2020. The Japanese market is up 8.0% 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.공시 • Dec 04WILLPLUS Holdings Corporation to Report Q2, 2021 Results on Feb 10, 2021WILLPLUS Holdings Corporation announced that they will report Q2, 2021 results on Feb 10, 2021Is New 90 Day High Low • Dec 02New 90-day high: JP¥684The company is up 16% from its price of JP¥588 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.공시 • Sep 06WILLPLUS Holdings Corporation to Report Q1, 2021 Results on Nov 11, 2020WILLPLUS Holdings Corporation announced that they will report Q1, 2021 results on Nov 11, 2020주주 수익률3538JP Specialty RetailJP 시장7D-5.4%3.1%-3.1%1Y-7.9%30.3%38.2%전체 주주 수익률 보기수익률 대 산업: 3538은 지난 1년 동안 30.3%의 수익을 기록한 JP Specialty Retail 산업보다 저조한 성과를 냈습니다.수익률 대 시장: 3538은 지난 1년 동안 38.2%를 기록한 JP 시장보다 저조한 성과를 냈습니다.주가 변동성Is 3538's price volatile compared to industry and market?3538 volatility3538 Average Weekly Movement2.8%Specialty Retail Industry Average Movement4.2%Market Average Movement5.0%10% most volatile stocks in JP Market9.6%10% least volatile stocks in JP Market2.5%안정적인 주가: 3538는 지난 3개월 동안 JP 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: 3538의 주간 변동성(3%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트2007759Takaaki Narusewww.willplus.co.jp윌플러스 홀딩스는 일본에서 신차 및 중고차를 수입 및 판매하는 회사입니다. 손해보험 대리점 사업, 상업용 판매, 차량 정비 및 기타 관련 사업을 영위하고 있습니다. 이 회사는 2007년에 설립되었으며 일본 도쿄에 본사를 두고 있습니다.더 보기WILLPLUS Holdings Corporation 기초 지표 요약WILLPLUS Holdings의 순이익과 매출은 시가총액과 어떻게 비교됩니까?3538 기초 통계시가총액JP¥8.49b순이익 (TTM)JP¥1.14b매출 (TTM)JP¥90.22b7.5x주가수익비율(P/E)0.1x주가매출비율(P/S)3538는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표3538 손익계산서 (TTM)매출JP¥90.22b매출원가JP¥77.53b총이익JP¥12.69b기타 비용JP¥11.55b순이익JP¥1.14b최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)125.05총이익률14.06%순이익률1.26%부채/자본 비율154.7%3538의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당4.9%현재 배당 수익률22%배당 성향3538는 안정적으로 배당을 지급합니까?3538 배당 기록 및 벤치마크 보기다가오는 배당을 받으려면 언제까지 3538를 매수해야 하나요?WILLPLUS Holdings 배당 일정배당락일Jun 29 2026배당 지급일Sep 11 2026배당락일까지 남은 일수38 days배당 지급일까지 남은 일수112 days3538는 안정적으로 배당을 지급합니까?3538 배당 기록 및 벤치마크 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 23:44종가2026/05/21 00:00수익2026/03/31연간 수익2025/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 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 소스WILLPLUS Holdings Corporation는 3명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullInvestment Bridge Co., Ltd.Nobumasa MorimotoMizuho Securities Co., Ltd.Satoru TakadaTIW
International Conglomerate of Distribution for Automobile HoldingsSymbol: TSE:3184Market cap: JP¥9.1b
Reported Earnings • May 18Third quarter 2026 earnings released: EPS: JP¥12.98 (vs JP¥51.61 in 3Q 2025)Third quarter 2026 results: EPS: JP¥12.98 (down from JP¥51.61 in 3Q 2025). Revenue: JP¥25.7b (up 2.2% from 3Q 2025). Net income: JP¥118.0m (down 75% from 3Q 2025). Profit margin: 0.5% (down from 1.9% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Declared Dividend • Mar 10First half dividend of JP¥28.00 announcedShareholders will receive a dividend of JP¥28.00. Ex-date: 29th June 2026 Payment date: 11th September 2026 Dividend yield will be 4.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 14Second quarter 2026 earnings released: EPS: JP¥53.56 (vs JP¥43.88 in 2Q 2025)Second quarter 2026 results: EPS: JP¥53.56 (up from JP¥43.88 in 2Q 2025). Revenue: JP¥21.4b (up 1.7% from 2Q 2025). Net income: JP¥487.0m (up 22% from 2Q 2025). Profit margin: 2.3% (up from 1.9% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 March 2026. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).
분석 기사 • Dec 03WILLPLUS Holdings (TSE:3538) Will Pay A Dividend Of ¥18.00WILLPLUS Holdings Corporation ( TSE:3538 ) will pay a dividend of ¥18.00 on the 10th of March. This will take the...
공시 • Dec 03WILLPLUS Holdings Corporation to Report Q2, 2026 Results on Feb 12, 2026WILLPLUS Holdings Corporation announced that they will report Q2, 2026 results on Feb 12, 2026
Reported Earnings • May 18Third quarter 2026 earnings released: EPS: JP¥12.98 (vs JP¥51.61 in 3Q 2025)Third quarter 2026 results: EPS: JP¥12.98 (down from JP¥51.61 in 3Q 2025). Revenue: JP¥25.7b (up 2.2% from 3Q 2025). Net income: JP¥118.0m (down 75% from 3Q 2025). Profit margin: 0.5% (down from 1.9% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Declared Dividend • Mar 10First half dividend of JP¥28.00 announcedShareholders will receive a dividend of JP¥28.00. Ex-date: 29th June 2026 Payment date: 11th September 2026 Dividend yield will be 4.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 14Second quarter 2026 earnings released: EPS: JP¥53.56 (vs JP¥43.88 in 2Q 2025)Second quarter 2026 results: EPS: JP¥53.56 (up from JP¥43.88 in 2Q 2025). Revenue: JP¥21.4b (up 1.7% from 2Q 2025). Net income: JP¥487.0m (up 22% from 2Q 2025). Profit margin: 2.3% (up from 1.9% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 March 2026. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).
분석 기사 • Dec 03WILLPLUS Holdings (TSE:3538) Will Pay A Dividend Of ¥18.00WILLPLUS Holdings Corporation ( TSE:3538 ) will pay a dividend of ¥18.00 on the 10th of March. This will take the...
공시 • Dec 03WILLPLUS Holdings Corporation to Report Q2, 2026 Results on Feb 12, 2026WILLPLUS Holdings Corporation announced that they will report Q2, 2026 results on Feb 12, 2026
Reported Earnings • Nov 16First quarter 2026 earnings released: EPS: JP¥25.52 (vs JP¥29.91 in 1Q 2025)First quarter 2026 results: EPS: JP¥25.52 (down from JP¥29.91 in 1Q 2025). Revenue: JP¥20.7b (up 3.4% from 1Q 2025). Net income: JP¥232.0m (down 15% from 1Q 2025). Profit margin: 1.1% (down from 1.4% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Board Change • Oct 17Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Kazuhiro Ueno was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Oct 17WILLPLUS Holdings Corporation (TSE:3538) signed a letter of intent to acquire BMW authorized dealership business of Wako Motoren K.K. from Wako Motoren K.K.WILLPLUS Holdings Corporation (TSE:3538) signed a letter of intent to acquire BMW authorized dealership business of Wako Motoren K.K. from Wako Motoren K.K. on October 16, 2025. The expected completion of the transaction is early January 2026.
분석 기사 • Oct 05WILLPLUS Holdings (TSE:3538) Will Pay A Dividend Of ¥18.00The board of WILLPLUS Holdings Corporation ( TSE:3538 ) has announced that it will pay a dividend on the 10th of March...
Declared Dividend • Oct 05Final dividend of JP¥18.00 announcedShareholders will receive a dividend of JP¥18.00. Ex-date: 29th December 2025 Payment date: 10th March 2026 Dividend yield will be 4.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 23% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
공시 • Sep 03WILLPLUS Holdings Corporation to Report Q1, 2026 Results on Nov 13, 2025WILLPLUS Holdings Corporation announced that they will report Q1, 2026 results on Nov 13, 2025
New Risk • Aug 16New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.6% Last year net profit margin: 2.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk 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 (1.6% net profit margin). Market cap is less than US$100m (JP¥9.08b market cap, or US$61.7m).
Reported Earnings • Aug 16Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥158 (up from JP¥116 in FY 2024). Revenue: JP¥88.6b (up 86% from FY 2024). Net income: JP¥1.44b (up 28% from FY 2024). Profit margin: 1.6% (down from 2.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.0%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat.
공시 • Aug 14WILLPLUS Holdings Corporation, Annual General Meeting, Sep 25, 2025WILLPLUS Holdings Corporation, Annual General Meeting, Sep 25, 2025.
공시 • Jun 27WILLPLUS Holdings Corporation to Report Fiscal Year 2025 Results on Aug 14, 2025WILLPLUS Holdings Corporation announced that they will report fiscal year 2025 results on Aug 14, 2025
Upcoming Dividend • Jun 20Upcoming dividend of JP¥28.06 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 20 October 2025. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.6%).
Reported Earnings • May 17Third quarter 2025 earnings released: EPS: JP¥51.61 (vs JP¥23.37 in 3Q 2024)Third quarter 2025 results: EPS: JP¥51.61 (up from JP¥23.37 in 3Q 2024). Revenue: JP¥25.2b (up 108% from 3Q 2024). Net income: JP¥471.0m (up 107% from 3Q 2024). Profit margin: 1.9% (in line with 3Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
분석 기사 • May 15WILLPLUS Holdings (TSE:3538) Is Increasing Its Dividend To ¥28.06The board of WILLPLUS Holdings Corporation ( TSE:3538 ) has announced that it will be paying its dividend of ¥28.06 on...
공시 • May 15WILLPLUS Holdings Corporation (TSE:3538) announces an Equity Buyback for 80,000 shares, representing 0.88% for ¥100 million.WILLPLUS Holdings Corporation (TSE:3538) announces a share repurchase program. Under the program, the company will repurchase up to 80,000 shares, representing 0.88% of its issued share capital, for ¥ 100 million. The purpose of the program is to promote human capital management and improve the Company's corporate value. The program is valid till May 30, 2025. As of March 31, 2025, the company had 9,130,148 shares (excluding treasury stock) and 1,272,072 shares in treasury.
분석 기사 • Apr 09Take Care Before Diving Into The Deep End On WILLPLUS Holdings Corporation (TSE:3538)When close to half the companies in Japan have price-to-earnings ratios (or "P/E's") above 12x, you may consider...
Buy Or Sell Opportunity • Apr 08Now 20% overvaluedOver the last 90 days, the stock has fallen 5.1% to JP¥949. The fair value is estimated to be JP¥790, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 49% in the next 2 years.
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¥850, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 12x in the Specialty Retail industry in Japan. Total returns to shareholders of 5.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥796 per share.
분석 기사 • Mar 11WILLPLUS Holdings' (TSE:3538) Upcoming Dividend Will Be Larger Than Last Year'sWILLPLUS Holdings Corporation's ( TSE:3538 ) dividend will be increasing from last year's payment of the same period to...
Declared Dividend • Mar 11First half dividend of JP¥28.06 announcedShareholders will receive a dividend of JP¥28.06. Ex-date: 27th June 2025 Payment date: 20th October 2025 Dividend yield will be 4.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 23% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Mar 06WILLPLUS Holdings Corporation to Report Q3, 2025 Results on May 13, 2025WILLPLUS Holdings Corporation announced that they will report Q3, 2025 results on May 13, 2025
분석 기사 • Feb 21Concerns Surrounding WILLPLUS Holdings' (TSE:3538) PerformanceWILLPLUS Holdings Corporation's ( TSE:3538 ) robust recent earnings didn't do much to move the stock. However the...
Buy Or Sell Opportunity • Feb 19Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 1.6% to JP¥1,011. The fair value is estimated to be JP¥841, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 50% in 2 years. Earnings are forecast to grow by 45% in the next 2 years.
Reported Earnings • Feb 15Second quarter 2025 earnings released: EPS: JP¥43.88 (vs JP¥24.75 in 2Q 2024)Second quarter 2025 results: EPS: JP¥43.88 (up from JP¥24.75 in 2Q 2024). Revenue: JP¥21.0b (up 83% from 2Q 2024). Net income: JP¥400.0m (up 66% from 2Q 2024). Profit margin: 1.9% (down from 2.1% in 2Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Upcoming Dividend • Dec 20Upcoming dividend of JP¥17.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 11 March 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).
분석 기사 • Dec 06WILLPLUS Holdings' (TSE:3538) Dividend Will Be ¥17.00The board of WILLPLUS Holdings Corporation ( TSE:3538 ) has announced that it will pay a dividend of ¥17.00 per share...
공시 • Dec 06WILLPLUS Holdings Corporation to Report Q2, 2025 Results on Feb 13, 2025WILLPLUS Holdings Corporation announced that they will report Q2, 2025 results on Feb 13, 2025
Reported Earnings • Nov 16First quarter 2025 earnings released: EPS: JP¥29.91 (vs JP¥20.58 in 1Q 2024)First quarter 2025 results: EPS: JP¥29.91 (up from JP¥20.58 in 1Q 2024). Revenue: JP¥20.0b (up 76% from 1Q 2024). Net income: JP¥272.0m (up 36% from 1Q 2024). Profit margin: 1.4% (down from 1.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
분석 기사 • Oct 20WILLPLUS Holdings (TSE:3538) Will Pay A Dividend Of ¥17.00The board of WILLPLUS Holdings Corporation ( TSE:3538 ) has announced that it will pay a dividend of ¥17.00 per share...
Declared Dividend • Oct 19Final dividend of JP¥17.00 announcedShareholders will receive a dividend of JP¥17.00. Ex-date: 27th December 2024 Payment date: 11th March 2025 Dividend yield will be 4.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 26% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 66% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Oct 17WILLPLUS Holdings Corporation (TSE:3538) agreed to acquire Orion Auto Sales Co., Ltd. from Takayuki Nakamura and five other individuals for approximately ¥130 million.WILLPLUS Holdings Corporation (TSE:3538) agreed to acquire Orion Auto Sales Co., Ltd. from Takayuki Nakamura and five other individuals for approximately ¥130 million on October 16, 2024. A cash consideration of ¥133 million will be paid by WILLPLUS Holdings Corporation. As part of consideration, ¥133 million is paid towards common equity of Orion Auto Sales Co., Ltd. The expected completion of the transaction is December 1, 2024.
Reported Earnings • Oct 03Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥116 (down from JP¥135 in FY 2023). Revenue: JP¥47.7b (up 8.2% from FY 2023). Net income: JP¥1.12b (down 14% from FY 2023). Profit margin: 2.4% (down from 3.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 35%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
공시 • Sep 03WILLPLUS Holdings Corporation to Report Q1, 2025 Results on Nov 12, 2024WILLPLUS Holdings Corporation announced that they will report Q1, 2025 results on Nov 12, 2024
Reported Earnings • Aug 19Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥116 (down from JP¥135 in FY 2023). Revenue: JP¥47.7b (up 8.2% from FY 2023). Net income: JP¥1.12b (down 14% from FY 2023). Profit margin: 2.4% (down from 3.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 35%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
분석 기사 • Aug 15Market Still Lacking Some Conviction On WILLPLUS Holdings Corporation (TSE:3538)With a median price-to-earnings (or "P/E") ratio of close to 13x in Japan, you could be forgiven for feeling...
공시 • Aug 14WILLPLUS Holdings Corporation, Annual General Meeting, Sep 26, 2024WILLPLUS Holdings Corporation, Annual General Meeting, Sep 26, 2024.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥968, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Specialty Retail industry in Japan. Total returns to shareholders of 1.7% over the past three years.
공시 • Jun 17WILLPLUS Holdings Corporation to Report Fiscal Year 2024 Results on Aug 14, 2024WILLPLUS Holdings Corporation announced that they will report fiscal year 2024 results on Aug 14, 2024
Reported Earnings • May 19Third quarter 2024 earnings released: EPS: JP¥23.37 (vs JP¥38.39 in 3Q 2023)Third quarter 2024 results: EPS: JP¥23.37 (down from JP¥38.39 in 3Q 2023). Revenue: JP¥12.1b (up 15% from 3Q 2023). Net income: JP¥228.0m (down 38% from 3Q 2023). Profit margin: 1.9% (down from 3.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 9% per year.
공시 • May 15+ 1 more updateWILLPLUS Holdings Corporation (TSE:3538) comleted the acquisition of 51% stake in Eng Inc. from Shinichiro Makino for ¥1.2 billionWILLPLUS Holdings Corporation (TSE:3538) agreed to acquire 51% stake in Eng Inc. from Shinichiro Makino for ¥1.6 billion on March 28, 2024. Eng Inc. reported net assets of ¥2,318 million, total assets of ¥5,287 million, sales of ¥28,902 million, operating profit of ¥612 million and net profit of ¥374 million as at December 2023. The transaction is expected to close on April 25, 2024. WILLPLUS Holdings Corporation (TSE:3538) comleted the acquisition of 51% stake in Eng Inc. from Shinichiro Makino for ¥1.2 billion on May 13, 2024.
분석 기사 • Apr 25WILLPLUS Holdings (TSE:3538) Is Paying Out A Larger Dividend Than Last YearThe board of WILLPLUS Holdings Corporation ( TSE:3538 ) has announced that it will be paying its dividend of ¥27.51 on...
Board Change • Apr 12High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. GM of Management Headquarters & Director Takuya Yoda was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
분석 기사 • Mar 30WILLPLUS Holdings (TSE:3538) Has A Somewhat Strained Balance SheetHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
분석 기사 • Mar 12WILLPLUS Holdings' (TSE:3538) Shareholders Will Receive A Bigger Dividend Than Last YearWILLPLUS Holdings Corporation ( TSE:3538 ) will increase its dividend from last year's comparable payment on the 13th...
공시 • Mar 03WILLPLUS Holdings Corporation to Report Q3, 2024 Results on May 14, 2024WILLPLUS Holdings Corporation announced that they will report Q3, 2024 results on May 14, 2024
분석 기사 • Feb 27WILLPLUS Holdings' (TSE:3538) Upcoming Dividend Will Be Larger Than Last Year'sThe board of WILLPLUS Holdings Corporation ( TSE:3538 ) has announced that it will be paying its dividend of ¥27.51 on...
Declared Dividend • Feb 16First half dividend of JP¥27.51 announcedShareholders will receive a dividend of JP¥27.51. Ex-date: 27th June 2024 Payment date: 13th September 2024 Dividend yield will be 4.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 26% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 15Second quarter 2024 earnings released: EPS: JP¥24.75 (vs JP¥32.74 in 2Q 2023)Second quarter 2024 results: EPS: JP¥24.75 (down from JP¥32.74 in 2Q 2023). Revenue: JP¥11.5b (up 6.1% from 2Q 2023). Net income: JP¥241.0m (down 23% from 2Q 2023). Profit margin: 2.1% (down from 2.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 3% per year.
Upcoming Dividend • Dec 21Upcoming dividend of JP¥16.00 per share at 4.4% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 11 March 2024. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.4%).
공시 • Dec 06WILLPLUS Holdings Corporation to Report Q2, 2024 Results on Feb 13, 2024WILLPLUS Holdings Corporation announced that they will report Q2, 2024 results on Feb 13, 2024
Reported Earnings • Nov 20First quarter 2024 earnings released: EPS: JP¥20.58 (vs JP¥33.34 in 1Q 2023)First quarter 2024 results: EPS: JP¥20.58 (down from JP¥33.34 in 1Q 2023). Revenue: JP¥11.4b (up 16% from 1Q 2023). Net income: JP¥200.0m (down 37% from 1Q 2023). Profit margin: 1.8% (down from 3.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Sep 13WILLPLUS Holdings Corporation to Report Q1, 2024 Results on Nov 14, 2023WILLPLUS Holdings Corporation announced that they will report Q1, 2024 results on Nov 14, 2023
New Risk • Aug 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 39% 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 (39% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥11.0b market cap, or US$75.6m).
공시 • Aug 16WILLPLUS Holdings Corporation, Annual General Meeting, Sep 27, 2023WILLPLUS Holdings Corporation, Annual General Meeting, Sep 27, 2023.
Reported Earnings • Aug 16Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: JP¥135 (down from JP¥163 in FY 2022). Revenue: JP¥44.1b (up 11% from FY 2022). Net income: JP¥1.30b (down 16% from FY 2022). Profit margin: 3.0% (down from 3.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥26.17 per share at 3.4% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.3%).
공시 • Jun 04WILLPLUS Holdings Corporation to Report Fiscal Year 2023 Results on Aug 14, 2023WILLPLUS Holdings Corporation announced that they will report fiscal year 2023 results on Aug 14, 2023
Reported Earnings • May 13Third quarter 2023 earnings released: EPS: JP¥38.39 (vs JP¥39.39 in 3Q 2022)Third quarter 2023 results: EPS: JP¥38.39 (down from JP¥39.39 in 3Q 2022). Revenue: JP¥10.5b (up 9.4% from 3Q 2022). Net income: JP¥370.0m (down 1.3% from 3Q 2022). Profit margin: 3.5% (down from 3.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year and the company’s share price has also increased by 16% per year.
Board Change • Mar 19Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Nobuo Iwabuchi was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 12Second quarter 2023 earnings released: EPS: JP¥32.74 (vs JP¥51.92 in 2Q 2022)Second quarter 2023 results: EPS: JP¥32.74 (down from JP¥51.92 in 2Q 2022). Revenue: JP¥10.9b (up 4.3% from 2Q 2022). Net income: JP¥314.0m (down 36% from 2Q 2022). Profit margin: 2.9% (down from 4.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 10 March 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%).
공시 • Dec 04WILLPLUS Holdings Corporation to Report Q2, 2023 Results on Feb 10, 2023WILLPLUS Holdings Corporation announced that they will report Q2, 2023 results on Feb 10, 2023
Reported Earnings • Nov 16First quarter 2023 earnings released: EPS: JP¥33.34 (vs JP¥41.83 in 1Q 2022)First quarter 2023 results: EPS: JP¥33.34 (down from JP¥41.83 in 1Q 2022). Revenue: JP¥9.81b (up 2.6% from 1Q 2022). Net income: JP¥319.0m (down 20% from 1Q 2022). Profit margin: 3.3% (down from 4.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Japan. 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 8% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 13First quarter 2023 earnings released: EPS: JP¥33.34 (vs JP¥41.83 in 1Q 2022)First quarter 2023 results: EPS: JP¥33.34 (down from JP¥41.83 in 1Q 2022). Revenue: JP¥9.81b (up 2.6% from 1Q 2022). Net income: JP¥319.0m (down 20% from 1Q 2022). Profit margin: 3.3% (down from 4.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Japan. 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 5% per year, which means it is significantly lagging earnings growth.
공시 • Aug 14WILLPLUS Holdings Corporation, Annual General Meeting, Sep 28, 2022WILLPLUS Holdings Corporation, Annual General Meeting, Sep 28, 2022.
Reported Earnings • Aug 14Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: JP¥163 (up from JP¥161 in FY 2021). Revenue: JP¥39.7b (down 2.6% from FY 2021). Net income: JP¥1.55b (up 1.1% from FY 2021). Profit margin: 3.9% (up from 3.8% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 12%, compared to a 7.9% growth forecast for the retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥29.90 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 29 September 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%).
공시 • Jun 05WILLPLUS Holdings Corporation to Report Fiscal Year 2022 Results on Aug 12, 2022WILLPLUS Holdings Corporation announced that they will report fiscal year 2022 results on Aug 12, 2022
Reported Earnings • May 13Third quarter 2022 earnings released: EPS: JP¥39.39 (vs JP¥37.17 in 3Q 2021)Third quarter 2022 results: EPS: JP¥39.39 (up from JP¥37.17 in 3Q 2021). Revenue: JP¥9.64b (down 2.0% from 3Q 2021). Net income: JP¥375.0m (up 6.2% from 3Q 2021). Profit margin: 3.9% (up from 3.6% in 3Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 7.2%, compared to a 7.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
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. 8 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). External Auditor Kaori Suzuki was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
공시 • Apr 07WILLPLUS Holdings Corporation to Report Q3, 2022 Results on May 11, 2022WILLPLUS Holdings Corporation announced that they will report Q3, 2022 results on May 11, 2022
Buying Opportunity • Apr 07Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 9.3%. The fair value is estimated to be JP¥1,135, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to decline by 2.5% in the next 2 years.
Buying Opportunity • Mar 07Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 5.5%. The fair value is estimated to be JP¥1,113, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% per annum over the last 3 years. Earnings per share has grown by 30% per annum over the last 3 years.
공시 • Mar 03+ 1 more updateWILLPLUS Holdings Corporation Provides Earnings Guidance for the Full Year of 2022WILLPLUS Holdings Corporation provided earnings guidance for the full year of 2022. The company expects net sales of ¥41,067 million, operating profit of ¥2,149 million and profit of ¥1,386 million.
Reported Earnings • Feb 12Second quarter 2022 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2022 results: EPS: JP¥51.92 (down from JP¥52.06 in 2Q 2021). Revenue: JP¥10.4b (down 2.4% from 2Q 2021). Net income: JP¥494.0m (flat on 2Q 2021). Profit margin: 4.7% (up from 4.6% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 5.4%, compared to a 7.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 10 March 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%).
Reported Earnings • Nov 12First quarter 2022 earnings released: EPS JP¥41.83 (vs JP¥32.25 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥9.56b (up 3.4% from 1Q 2021). Net income: JP¥398.0m (up 30% from 1Q 2021). Profit margin: 4.2% (up from 3.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Oct 05Full year 2021 earnings released: EPS JP¥161 (vs JP¥85.30 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥40.8b (up 16% from FY 2020). Net income: JP¥1.53b (up 91% from FY 2020). Profit margin: 3.8% (up from 2.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥20.79 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 30 September 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.1%). Higher than average of industry peers (1.3%).
Reported Earnings • May 12Third quarter 2021 earnings released: EPS JP¥37.17 (vs JP¥16.79 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥9.84b (up 12% from 3Q 2020). Net income: JP¥353.0m (up 123% from 3Q 2020). Profit margin: 3.6% (up from 1.8% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
공시 • Mar 05WILLPLUS Holdings Corporation to Report Q3, 2021 Results on May 10, 2021WILLPLUS Holdings Corporation announced that they will report Q3, 2021 results on May 10, 2021
Is New 90 Day High Low • Mar 03New 90-day high: JP¥1,176The company is up 67% from its price of JP¥704 on 03 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 9.0% over the same period.
Reported Earnings • Feb 14Second quarter 2021 earnings released: EPS JP¥52.06 (vs JP¥18.89 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥10.7b (up 38% from 2Q 2020). Net income: JP¥494.0m (up 179% from 2Q 2020). Profit margin: 4.6% (up from 2.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improved over the past weekAfter last week's 19% share price gain to JP¥969, the stock is trading at a trailing P/E ratio of 11.5x, up from the previous P/E ratio of 9.6x. 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 24%.
Is New 90 Day High Low • Feb 08New 90-day high: JP¥829The company is up 34% from its price of JP¥620 on 10 November 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 6.0% over the same period.
Is New 90 Day High Low • Jan 20New 90-day high: JP¥773The company is up 32% from its price of JP¥587 on 22 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.
Is New 90 Day High Low • Dec 29New 90-day high: JP¥727The company is up 31% from its price of JP¥554 on 30 September 2020. The Japanese market is up 8.0% 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.
공시 • Dec 04WILLPLUS Holdings Corporation to Report Q2, 2021 Results on Feb 10, 2021WILLPLUS Holdings Corporation announced that they will report Q2, 2021 results on Feb 10, 2021
Is New 90 Day High Low • Dec 02New 90-day high: JP¥684The company is up 16% from its price of JP¥588 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.
공시 • Sep 06WILLPLUS Holdings Corporation to Report Q1, 2021 Results on Nov 11, 2020WILLPLUS Holdings Corporation announced that they will report Q1, 2021 results on Nov 11, 2020
