Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €12.80, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 6x in the Hospitality industry in Germany. Total loss to shareholders of 59% over the past three years. Aankondiging • Jun 09
Fuji Kyuko Co., Ltd. to Report Q1, 2027 Results on Aug 05, 2026 Fuji Kyuko Co., Ltd. announced that they will report Q1, 2027 results on Aug 05, 2026 New Risk • May 29
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (69% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Board Change • May 21
Less than half of directors are independent Following 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. 6 non-independent directors. Independent Outside Director Noriko Iki was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • May 13
Fuji Kyuko Co., Ltd., Annual General Meeting, Jun 17, 2026 Fuji Kyuko Co., Ltd., Annual General Meeting, Jun 17, 2026. Aankondiging • May 10
Fuji Kyuko Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 Fuji Kyuko Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026 Aankondiging • Jan 07
Fuji Kyuko Co., Ltd. announces Annual dividend, payable on June 19, 2026 Fuji Kyuko Co., Ltd. announced Annual dividend of JPY 30.0000 per share payable on June 19, 2026, ex-date on March 30, 2026 and record date on March 31, 2026. Aankondiging • Dec 13
Fuji Kyuko Co., Ltd. to Report Q3, 2026 Results on Feb 04, 2026 Fuji Kyuko Co., Ltd. announced that they will report Q3, 2026 results on Feb 04, 2026 Aankondiging • Sep 11
Fuji Kyuko Co., Ltd. to Report Q2, 2026 Results on Nov 05, 2025 Fuji Kyuko Co., Ltd. announced that they will report Q2, 2026 results on Nov 05, 2025 Aankondiging • Jun 06
Fuji Kyuko Co., Ltd. to Report Q1, 2026 Results on Aug 06, 2025 Fuji Kyuko Co., Ltd. announced that they will report Q1, 2026 results on Aug 06, 2025 Aankondiging • May 08
Fuji Kyuko Co., Ltd., Annual General Meeting, Jun 18, 2025 Fuji Kyuko Co., Ltd., Annual General Meeting, Jun 18, 2025. Aankondiging • Mar 06
Fuji Kyuko Co., Ltd. to Report Fiscal Year 2025 Results on May 08, 2025 Fuji Kyuko Co., Ltd. announced that they will report fiscal year 2025 results on May 08, 2025 Aankondiging • Dec 04
Fuji Kyuko Co., Ltd. to Report Q3, 2025 Results on Feb 05, 2025 Fuji Kyuko Co., Ltd. announced that they will report Q3, 2025 results on Feb 05, 2025 Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: JP¥26.35 (vs JP¥43.99 in 2Q 2024) Second quarter 2025 results: EPS: JP¥26.35 (down from JP¥43.99 in 2Q 2024). Revenue: JP¥13.6b (down 7.2% from 2Q 2024). Net income: JP¥1.40b (down 40% from 2Q 2024). Profit margin: 10% (down from 16% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Aankondiging • Sep 23
Fuji Kyuko Co., Ltd.(TSE:9010) dropped from FTSE All-World Index (USD) Fuji Kyuko Co., Ltd.(TSE:9010) dropped from FTSE All-World Index (USD) Aankondiging • Aug 30
Fuji Kyuko Co., Ltd. to Report Q2, 2025 Results on Nov 06, 2024 Fuji Kyuko Co., Ltd. announced that they will report Q2, 2025 results on Nov 06, 2024 Reported Earnings • Aug 12
First quarter 2025 earnings released: EPS: JP¥23.92 (vs JP¥15.86 in 1Q 2024) First quarter 2025 results: EPS: JP¥23.92 (up from JP¥15.86 in 1Q 2024). Revenue: JP¥12.2b (up 8.5% from 1Q 2024). Net income: JP¥1.27b (up 51% from 1Q 2024). Profit margin: 10% (up from 7.5% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 25
Full year 2024 earnings released: EPS: JP¥86.09 (vs JP¥43.65 in FY 2023) Full year 2024 results: EPS: JP¥86.09 (up from JP¥43.65 in FY 2023). Revenue: JP¥50.7b (up 18% from FY 2023). Net income: JP¥4.57b (up 97% from FY 2023). Profit margin: 9.0% (up from 5.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Aankondiging • Jun 08
Fuji Kyuko Co., Ltd. to Report Q1, 2025 Results on Aug 07, 2024 Fuji Kyuko Co., Ltd. announced that they will report Q1, 2025 results on Aug 07, 2024 Aankondiging • May 10
Fuji Kyuko Co., Ltd., Annual General Meeting, Jun 19, 2024 Fuji Kyuko Co., Ltd., Annual General Meeting, Jun 19, 2024. Reported Earnings • May 09
Full year 2024 earnings released: EPS: JP¥86.09 (vs JP¥43.65 in FY 2023) Full year 2024 results: EPS: JP¥86.09 (up from JP¥43.65 in FY 2023). Revenue: JP¥50.7b (up 18% from FY 2023). Net income: JP¥4.57b (up 97% from FY 2023). Profit margin: 9.0% (up from 5.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (2.9%). Aankondiging • Mar 02
Fuji Kyuko Co., Ltd. to Report Fiscal Year 2024 Results on May 08, 2024 Fuji Kyuko Co., Ltd. announced that they will report fiscal year 2024 results on May 08, 2024 Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥28.69 (vs JP¥15.65 in 3Q 2023) Third quarter 2024 results: EPS: JP¥28.69 (up from JP¥15.65 in 3Q 2023). Revenue: JP¥13.1b (up 16% from 3Q 2023). Net income: JP¥1.52b (up 83% from 3Q 2023). Profit margin: 12% (up from 7.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Aankondiging • Nov 29
Fuji Kyuko Co., Ltd. to Report Q3, 2024 Results on Feb 07, 2024 Fuji Kyuko Co., Ltd. announced that they will report Q3, 2024 results on Feb 07, 2024 New Risk • Nov 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. Reported Earnings • Nov 03
Second quarter 2024 earnings released: EPS: JP¥43.99 (vs JP¥23.13 in 2Q 2023) Second quarter 2024 results: EPS: JP¥43.99 (up from JP¥23.13 in 2Q 2023). Revenue: JP¥14.6b (up 27% from 2Q 2023). Net income: JP¥2.34b (up 90% from 2Q 2023). Profit margin: 16% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in Germany. Aankondiging • Sep 06
Fuji Kyuko Co., Ltd. to Report Q2, 2024 Results on Nov 01, 2023 Fuji Kyuko Co., Ltd. announced that they will report Q2, 2024 results on Nov 01, 2023 Reported Earnings • Aug 03
First quarter 2024 earnings released: EPS: JP¥15.87 (vs JP¥5.41 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥15.87 (up from JP¥5.41 loss in 1Q 2023). Revenue: JP¥11.3b (up 24% from 1Q 2023). Net income: JP¥842.5m (up JP¥1.13b from 1Q 2023). Profit margin: 7.5% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Germany. Reported Earnings • Jun 28
Full year 2023 earnings released: EPS: JP¥43.65 (vs JP¥7.08 in FY 2022) Full year 2023 results: EPS: JP¥43.65 (up from JP¥7.08 in FY 2022). Revenue: JP¥42.9b (up 22% from FY 2022). Net income: JP¥2.32b (up JP¥1.94b from FY 2022). Profit margin: 5.4% (up from 1.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Germany. Aankondiging • Jun 02
Fuji Kyuko Co., Ltd. to Report Q1, 2024 Results on Aug 02, 2023 Fuji Kyuko Co., Ltd. announced that they will report Q1, 2024 results on Aug 02, 2023 Reported Earnings • May 12
Full year 2023 earnings released: EPS: JP¥43.65 (vs JP¥7.08 in FY 2022) Full year 2023 results: EPS: JP¥43.65 (up from JP¥7.08 in FY 2022). Revenue: JP¥42.9b (up 22% from FY 2022). Net income: JP¥2.32b (up JP¥1.94b from FY 2022). Profit margin: 5.4% (up from 1.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Hospitality industry in Germany. Aankondiging • May 11
Fuji Kyuko Co., Ltd., Annual General Meeting, Jun 21, 2023 Fuji Kyuko Co., Ltd., Annual General Meeting, Jun 21, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.00 per share at 0.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.2%). Reported Earnings • Feb 11
Third quarter 2023 earnings released: EPS: JP¥15.65 (vs JP¥7.38 in 3Q 2022) Third quarter 2023 results: EPS: JP¥15.65 (up from JP¥7.38 in 3Q 2022). Revenue: JP¥11.3b (up 14% from 3Q 2022). Net income: JP¥831.0m (up 112% from 3Q 2022). Profit margin: 7.4% (up from 4.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Hospitality industry in Germany. Aankondiging • Feb 09
Fuji Kyuko Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023 Fuji Kyuko Co., Ltd. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the period, the company expects operating revenues to be JPY 41,640 million, operating profit to be JPY 3,520 million, profit attributable to owners of parent to be JPY 1,450 million and basic earnings per share to be JPY 27.31. Aankondiging • Feb 08
Fuji Kyuko Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023 Fuji Kyuko Co., Ltd. provided dividend guidance for the fiscal year ending March 31, 2023. For the period, the company expects dividend to be JPY 12.00 per share compared to JPY 10.00 per share a year ago. Aankondiging • Dec 01
Fuji Kyuko Co., Ltd. to Report Q3, 2023 Results on Feb 08, 2023 Fuji Kyuko Co., Ltd. announced that they will report Q3, 2023 results on Feb 08, 2023 Reported Earnings • Nov 20
Second quarter 2023 earnings released: EPS: JP¥23.13 (vs JP¥12.11 in 2Q 2022) Second quarter 2023 results: EPS: JP¥23.13 (up from JP¥12.11 in 2Q 2022). Revenue: JP¥11.5b (up 21% from 2Q 2022). Net income: JP¥1.23b (up 91% from 2Q 2022). Profit margin: 11% (up from 6.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Hospitality industry in Germany. Board Change • Nov 16
Less than half of directors are independent Following 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. 6 non-independent directors. Independent External Director Hiroshi Shimizu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 04
Second quarter 2023 earnings released: EPS: JP¥23.13 (vs JP¥12.11 in 2Q 2022) Second quarter 2023 results: EPS: JP¥23.13 (up from JP¥12.11 in 2Q 2022). Revenue: JP¥11.5b (up 21% from 2Q 2022). Net income: JP¥1.23b (up 91% from 2Q 2022). Profit margin: 11% (up from 6.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Hospitality industry in Germany. Aankondiging • Oct 05
Fuji Kyuko Co., Ltd. (TSE:9010) agree to acquire Hakone Ashinoko (Lake Ashi) Boat Cruise business of Izuhakone Railway Co., Ltd Fuji Kyuko Co., Ltd. (TSE:9010) agree to acquire Hakone Ashinoko (Lake Ashi) Boat Cruise business of Izuhakone Railway Co., Ltd.on October 3, 2022. In addition to 3 pleasure boats, the project includes facilities such as 4 ports: "Kojiri", "Hakone-en", "Moto-Hakone", and "Hakone Sekisho Ato", and "Hakone Kojiri Terminal" with a rest house. Izu Hakone Railway will continue to operate the restaurant and merchandise sales businesses at Motohakone Port and Hakone Sekishoato Port. Transaction is subject to approval fromr elevant government agencies & transaction is expected to close in in March 2023. Aankondiging • Sep 01
Fuji Kyuko Co., Ltd. to Report Q2, 2023 Results on Nov 02, 2022 Fuji Kyuko Co., Ltd. announced that they will report Q2, 2023 results on Nov 02, 2022 Aankondiging • Aug 05
Fuji Kyuko Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023 Fuji Kyuko Co., Ltd. provided dividend guidance for the fiscal year ending March 31, 2023. For the full year, The company expects Dividend of JPY 12 per share. Reported Earnings • Aug 04
First quarter 2023 earnings released: JP¥5.41 loss per share (vs JP¥9.59 loss in 1Q 2022) First quarter 2023 results: JP¥5.41 loss per share (up from JP¥9.59 loss in 1Q 2022). Revenue: JP¥9.10b (up 23% from 1Q 2022). Net loss: JP¥287.0m (loss narrowed 44% from 1Q 2022). Over the next year, revenue is forecast to grow 18%, compared to a 702% growth forecast for the industry in Germany. Aankondiging • Aug 04
Fuji Kyuko Co., Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2022 and for the Full Year Ending March 31, 2023 Fuji Kyuko Co., Ltd. provided consolidated earnings guidance for the six months ending September 30, 2022 and for the full year ending March 31, 2023. For the six months, the company expects Operating revenue of JPY 21,250 million, Operating profit of JPY 2,450 million, Profit attributable to owners of parent of JPY 1,150 million and Earnings per share of JPY 21.66.For the full year, the company expects Operating revenue of JPY 41,640 million, Operating profit of JPY 3,520 million, Profit attributable to owners of parent of JPY 1,450 million and Earnings per share of JPY 27.31. Aankondiging • Jun 02
Fuji Kyuko Co., Ltd. to Report Q1, 2023 Results on Aug 03, 2022 Fuji Kyuko Co., Ltd. announced that they will report Q1, 2023 results on Aug 03, 2022 Reported Earnings • May 13
Full year 2022 earnings released: EPS: JP¥7.08 (vs JP¥52.46 loss in FY 2021) Full year 2022 results: EPS: JP¥7.08 (up from JP¥52.46 loss in FY 2021). Revenue: JP¥35.1b (up 15% from FY 2021). Net income: JP¥376.0m (up JP¥3.16b from FY 2021). Profit margin: 1.1% (up from net loss in FY 2021). Over the next year, revenue is forecast to grow 30%, compared to a 115% growth forecast for the restaurants industry in Germany. Board Change • Apr 27
Less than half of directors are independent Following 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. 6 non-independent directors. Independent External Director Hiroshi Shimizu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 08
Fuji Kyuko Co., Ltd. to Report Fiscal Year 2022 Results on May 11, 2022 Fuji Kyuko Co., Ltd. announced that they will report fiscal year 2022 results on May 11, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 21 June 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.2%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (2.3%). Reported Earnings • Feb 04
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: JP¥7.38 (down from JP¥10.77 in 3Q 2021). Revenue: JP¥9.86b (down 6.2% from 3Q 2021). Net income: JP¥392.0m (down 32% from 3Q 2021). Profit margin: 4.0% (down from 5.4% in 3Q 2021). Revenue missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 31%, compared to a 23% growth forecast for the industry in Germany. Reported Earnings • Nov 05
Second quarter 2022 earnings released: EPS JP¥12.11 (vs JP¥1.75 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥9.52b (up 3.7% from 2Q 2021). Net income: JP¥643.0m (up JP¥550.0m from 2Q 2021). Profit margin: 6.8% (up from 1.0% in 2Q 2021). Reported Earnings • Jun 25
Full year 2021 earnings released: JP¥52.46 loss per share (vs JP¥29.77 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥30.5b (down 42% from FY 2020). Net loss: JP¥2.79b (down 276% from profit in FY 2020). Reported Earnings • May 14
Full year 2021 earnings released: JP¥52.46 loss per share (vs JP¥29.77 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥30.5b (down 42% from FY 2020). Net loss: JP¥2.79b (down 276% from profit in FY 2020). Aankondiging • Mar 04
Fuji Kyuko Co., Ltd. to Report Fiscal Year 2021 Results on May 12, 2021 Fuji Kyuko Co., Ltd. announced that they will report fiscal year 2021 results on May 12, 2021 Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS JP¥10.77 (vs JP¥2.37 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥10.5b (down 15% from 3Q 2020). Net income: JP¥572.0m (up JP¥698.0m from 3Q 2020). Profit margin: 5.4% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Analyst Estimate Surprise Post Earnings • Feb 07
Revenue misses expectations Revenue missed analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 28%, compared to a 27% growth forecast for the Hospitality industry in Germany. 
