TSE:9202
TSE:9202Airlines

ANA Holdings (TSE:9202) Margin Decline Challenges Sustainability Narrative Despite Strong Valuation

ANA Holdings (TSE:9202) posted revenue growth of 2.5% per year, trailing the broader Japanese market’s average of 4.5%. Net profit margins stood at 6.3%, slightly lower than last year’s 6.7%. While the company has transitioned to consistent profitability over the past five years with annual earnings growth averaging 67.9%, the latest year’s earnings rise was just 2.5%, which is well below historical trends. Looking ahead, consensus forecasts call for a modest decline in earnings of 1.2% per...
TSE:9037
TSE:9037Logistics

Hamakyorex (TSE:9037) Net Margin Improvement Bolsters Undervaluation Narrative

Hamakyorex (TSE:9037) delivered a net profit margin of 6.3% for the latest period, up from last year’s 6.1%, reflecting a modest uptick in profitability. Earnings are forecast to grow by 5.3% annually, with revenue set to rise at 4.6% per year, slightly ahead of the Japanese market’s 4.5% growth rate. While the company's latest annual earnings growth reached 7.3%, which is just below its five-year average of 8.2%, the business continues to exhibit high earnings quality and an attractively low...
TSE:3529
TSE:3529Luxury

Atsugi (TSE:3529) Losses Narrow 53.6% Annually but Profitability Remains Elusive, Challenging Bull Narratives

Atsugi (TSE:3529) is still operating at a loss, but over the past five years the company has sharply reduced its losses at a 53.6% annual rate. Despite this positive momentum toward smaller losses, Atsugi’s net profit margins have not yet moved into positive territory, and there is no sign the business has become profitable. With its Price-To-Sales Ratio at 0.8x, higher than both peers (0.4x) and the Japan luxury industry average (0.6x), the stock trades at a premium even as the company...
TSE:4307
TSE:4307IT

Nomura Research Institute (TSE:4307): Margin Expansion Reinforces Bullish Growth Thesis

Nomura Research Institute (TSE:4307) posted annual revenue growth of 5.2%, outpacing the Japanese market's 4.5% rate. EPS is forecasted to climb 8.6% per year, just ahead of the national estimate of 7.9%. Net profit margins expanded to 13% from 11.7% as earnings rose 16% over the last year. With shares currently trading at ¥6,030 and recent margin improvements, investors are eyeing the company’s consistent outperformance but weighing it against an elevated valuation versus industry peers. See...
TSE:5471
TSE:5471Metals and Mining

Daido Steel (TSE:5471) Margin Dip Reinforces Narrative of Slower-Than-Market Growth Outlook

Daido Steel (TSE:5471) has posted a solid earnings story, with annual profit growth averaging 20.4% over the past five years and a return to profitability. However, the most recent year saw earnings decline alongside a dip in net profit margin to 5.1% from last year's 5.4%. Looking ahead, earnings are forecast to grow by 4.45% per year, lagging behind the Japanese market average of 7.9%, and revenue growth is also set to trail the industry at 2.6% versus 4.5%. On valuation, shares change...
TSE:9889
TSE:9889IT

JBCC Holdings (TSE:9889) Margin Expansion Reinforces Bullish Narratives on Valuation and Growth

JBCC Holdings (TSE:9889) posted a robust set of results, with annual earnings growth at 26.3% for the most recent year and net profit margins rising to 6.7% from 5.6% a year ago. Forecasts call for earnings to grow 13.2% per year and revenue to increase 6.8% annually, both comfortably ahead of the broader Japanese market. With a five-year earnings growth average of 21.9%, investors are eyeing not only the accelerating profits and improving margins, but also the company’s shares trading below...
TSE:5191
TSE:5191Auto Components

Sumitomo Riko (TSE:5191) Margin Gain Challenges Cautious Narrative Despite Profit Decline Forecast

Sumitomo Riko (TSE:5191) posted net profit margins of 4.5%, up from 3.6% a year ago, capping off a notable period of profitability with five-year average annual earnings growth of 60.1%. That pace has moderated, with earnings up 27.4% over the past year but forecast to decline by an average of 5.5% annually for the next three years. Revenue is expected to lag the broader Japanese market’s growth. Shares currently trade at ¥2,617 with a price-to-earnings ratio of 9.3x, below both industry and...
TSE:6345
TSE:6345Machinery

Aichi (TSE:6345) Margin Gains Reinforce Bull Case Despite Growth Concerns

Aichi (TSE:6345) delivered net profit margins of 11.1%, up from last year’s 9.9%, while EPS growth posted a solid 13.3% over the past year. This is well ahead of its five-year average of 1.5% per year. Looking ahead, revenue is projected to grow 6.3% annually and future earnings growth is forecast at 4.4%, which is below the broader Japanese market’s 7.9% expectation. Investors will be watching improved margins and consistently rising profits, weighing attractive valuation levels against a...
TSE:3636
TSE:3636IT

Mitsubishi Research Institute (TSE:3636) Margin Surge Reinforces Bullish Value Narrative

Mitsubishi Research Institute (TSE:3636) posted a net profit margin of 5.3%, up from last year’s 4.3%, as EPS surged 27.6% over the past year, a reversal from an average -3.4% annual decline over the last five years. Forecasts now point to 4% annual earnings growth, which lags behind the Japanese market’s 7.9% average. Revenue is expected to rise 4.7% per year, just above the market’s 4.5%. With a price-to-earnings ratio of 12x, well below peers, and recent margin strength, investors may see...
TSE:8609
TSE:8609Capital Markets

Okasan Securities (TSE:8609) Net Margin Slips, Casting Doubt on Defensive Reputation

Okasan Securities Group (TSE:8609) posted a net profit margin of 13.9%, just below last year’s 14.3%, signaling a modest pullback in profitability. While the company achieved robust annual earnings growth of 17.5% over the past five years, recent momentum has reversed, with negative earnings growth now reported. Looking ahead, both earnings and revenue are forecast to fall annually at rates of 19.4% and 1.6% respectively. Shares look attractively valued with a trailing price-to-earnings ratio...
TSE:5449
TSE:5449Metals and Mining

Osaka Steel (TSE:5449) Net Profit Margin Drops to 0.5%, Challenging Premium Valuation Narratives

Osaka Steel (TSE:5449) reported a net profit margin of 0.5%, down from 1.7% a year ago, as the company continues to face negative earnings growth in its latest results. Over the past five years, earnings have slipped by an average of just 0.01% per year, and with profit margins now lower than the previous year, investors are left weighing high valuation multiples against subdued profitability trends. See our full analysis for Osaka Steel. Next up, we'll see how these headline figures compare...
TSE:9003
TSE:9003Transportation

Sotetsu Holdings (TSE:9003) Margin Miss Challenges Defensive Narrative Despite Above-Market Earnings Growth

Sotetsu Holdings (TSE:9003) is projected to deliver robust earnings growth of 14.4% per year, handily beating the broader Japanese market’s 7.9% forecast. Despite the high quality of earnings, the company’s net profit margin has edged down to 6.9% from last year’s 7.6%, and revenue growth is expected to come in at 3.3% per year, trailing the market average of 4.5%. With a Price-To-Earnings Ratio of 12.4x that is lower than both the industry and peer group averages, investors may see value,...
TSE:8699
TSE:8699Capital Markets

HS Holdings (TSE:8699) Net Profit Margin Rises to 32%, Challenging Undervaluation Narrative

HS Holdings (TSE:8699) posted a net profit margin of 32%, up from last year’s 29.6%. Earnings have grown at an annual rate of 32.6% over the past five years and 33.4% in the most recent year. The stock trades at a Price-to-Earnings Ratio of 2.2x, which is notably lower than both its peer average of 14.7x and the JP Capital Markets industry average of 16.1x. The current share price sits below the estimated fair value of ¥6,072.71. These numbers highlight a trend of rising profitability and an...
TSE:8473
TSE:8473Capital Markets

SBI Holdings (TSE:8473) Valuation in Focus After Dividend Hike and Stock Split Announcement

SBI Holdings (TSE:8473) caught the market’s eye after announcing a higher interim dividend and approving a stock split following its recent board meeting. Both moves may signal management’s outlook and often resonate with investors. See our latest analysis for SBI Holdings. After news of the higher interim dividend and upcoming stock split, SBI Holdings saw its share price climb nearly 10% over the past month and deliver an impressive year-to-date share price return of 73%. With total...
TSE:8708
TSE:8708Capital Markets

Aizawa Securities (TSE:8708) Margin Miss Challenges Bullish Narratives Despite ¥2.1 Billion One-Off Gain

Aizawa Securities Group (TSE:8708) reported a net profit margin of 12.8% for the twelve months to September 30, 2025, which is lower than last year’s 19.4%. Results for the period were boosted by a significant one-off gain of ¥2.1 billion, while the past five years saw earnings decline at an average annual rate of 6.2%. The stock’s Price-to-Earnings Ratio stands at 15.4x, above the peer average but just under the broader JP Capital Markets industry. This leaves investors to weigh an improved...
TSE:6023
TSE:6023Machinery

Daihatsu Infinearth (TSE:6023) Margin Gains Surpass Expectations, Challenging Growth Concerns

Daihatsu Infinearth Mfg.Co.Ltd (TSE:6023) posted revenue growth forecasts of 3% per year, coming in behind the broader Japanese market’s 4.5% expectation. Net profit margins improved to 6.5% from 6.2%, and earnings increased 5.8% over the past year. This marks a step down from the company’s 35% five-year CAGR, but still shows solid profit expansion over time. With a Price-To-Earnings Ratio of 13.7x versus a peer average of 15.9x, a current share price of ¥3,075 below a fair value estimate,...
TSE:2317
TSE:2317Software

Systena (TSE:2317) Margin Growth Reinforces Market View of Quality Despite Recent Price Volatility

Systena (TSE:2317) delivered a 28.5% jump in earnings over the past year, easily outpacing its own five-year average of 13.3% annual growth. Earnings per share are forecast to grow 5.63% per year, with revenue set to rise by 4.9%, beating the broader Japanese market’s expected 4.5% revenue growth. Net profit margins now stand at 11.3%, up from 10% a year ago, underlining continued operational improvement and providing yield-focused investors with another reason to pay attention. See our full...
TSE:9536
TSE:9536Gas Utilities

Saibu Gas Holdings (TSE:9536) Profit Margin Hits Multi-Year High; Earnings Beat Reinforces Value-Narrative

Saibu Gas Holdings Ltd. (TSE:9536) reported a net profit margin of 3.3%, up from 2% in the previous period, as earnings soared by 77% over the past year, handily outpacing its five-year average growth rate of 22.6% per year. Profits have climbed sharply over the last five years, and the recent acceleration in profit growth has underscored improved financial performance for the company. With high-quality earnings, an attractive dividend, and steady profit or revenue growth, Saibu Gas Holdings...
TSE:9042
TSE:9042Transportation

Hankyu Hanshin Holdings (TSE:9042) Margin Decline Challenges Bull Case Despite Earnings Growth Track Record

Hankyu Hanshin Holdings (TSE:9042) booked a net profit margin of 6%, down from the previous year’s 7.1%, and posted an impressive 47.9% average annual earnings growth over the last five years. EPS and revenue are both expected to increase, but the 7.17% per year earnings growth forecast trails the overall Japanese market’s 7.9%. Revenue is projected to rise at just 2.2% per year, which is slower than the broader market’s 4.5%. Shares trade at ¥4,136, placing the stock at a premium with a...
TSE:9064
TSE:9064Logistics

Yamato Holdings (TSE:9064) Margin Rebound Raises Earnings Quality Questions Following Large One-Off Gain

Yamato Holdings (TSE:9064) posted a striking earnings turnaround, with last year’s growth of 109.9% sharply reversing a prior five-year annual earnings decline of 10.1%. Net profit margins doubled from 1.2% to 2.4% year-on-year, and earnings are now forecast to grow 12.58% per year, well ahead of the Japanese market’s expected 7.9% growth rate. While revenue growth is expected to be slightly below the national average, investors will be weighing the stronger profitability and forward growth...
TSE:2326
TSE:2326Software

Digital Arts (TSE:2326) Margin Decline Challenges Bullish Growth Narrative Despite Strong Revenue Outlook

Digital Arts (TSE:2326) delivered annual earnings growth of 12.5% over the past five years, with a net profit margin of 31.3%, down from last year's 39.6%. Analysts expect earnings to rise 23.8% per year and revenue to expand by 20% annually in the coming years, both well ahead of the broader Japanese market. While investors are watching the impact of a recent margin dip, the overall growth outlook remains a key attraction. See our full analysis for Digital Arts. Next, we will see how these...
TSE:8793
TSE:8793Diversified Financial

NEC Capital Solutions (TSE:8793) Margin Squeeze Challenges Defensive Profit Growth Narrative

NEC Capital Solutions (TSE:8793) posted a negative year-on-year earnings result, as net profit margin slipped from 3.3% last year to 2.9% most recently. Over the past five years, the company has delivered an average annual earnings growth rate of 13.6%. However, the latest results mark a break from that trend. With high-quality earnings but shrinking margins, investors are weighing the company’s strong history of profit growth against a more challenging near-term outlook. See our full...
TSE:6368
TSE:6368Machinery

Organo (TSE:6368) Valuation in Focus After Board Approves Surplus Dividend Payment

Organo (TSE:6368) shares drew investor interest after the company’s Board of Directors met to approve a surplus dividend payment and review possible changes to year-end dividends. Dividend decisions often prompt market-watchers to reassess a company’s outlook and payout strategy. See our latest analysis for Organo. Following the board’s recent move to approve a surplus dividend, Organo’s share price quickly reflected renewed optimism, climbing nearly 20% in the last month and up almost 57% so...
TSE:2540
TSE:2540Beverage

Yomeishu Seizo (TSE:2540) One-Off Gain Inflates Earnings, Raising Caution on Premium Valuation

Yomeishu Seizo Ltd. (TSE:2540) reported that average annual earnings have fallen 1.6% over the past five years, while net profit margin dropped to 7.4% from 9.1% in the previous year. Profits for the most recent twelve months included a one-off gain of ¥278.0 million, inflating results beyond regular business performance. On a price-to-earnings basis, shares currently trade at 78 times earnings, well above both the Asian beverage industry average of 19.4x and its peer group's 18.2x. The...