Declared Dividend • Jun 16
Dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 29th October 2026 Payment date: 29th January 2027 Dividend yield will be 519%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 250% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 15
Second quarter 2026 earnings released: JP¥5.71 loss per share (vs JP¥3.80 profit in 2Q 2025) Second quarter 2026 results: JP¥5.71 loss per share (down from JP¥3.80 profit in 2Q 2025). Revenue: JP¥91.9b (up 4.4% from 2Q 2025). Net loss: JP¥427.0m (down 250% from profit in 2Q 2025). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Outside Director Junko Owada was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • May 09
H.I.S. Co., Ltd. to Report Q2, 2026 Results on Jun 12, 2026 H.I.S. Co., Ltd. announced that they will report Q2, 2026 results on Jun 12, 2026 Aankondiging • Dec 12
H.I.S. Co., Ltd., Annual General Meeting, Jan 28, 2026 H.I.S. Co., Ltd., Annual General Meeting, Jan 28, 2026. Aankondiging • Oct 24
H.I.S. Co., Ltd. to Report Fiscal Year 2025 Results on Dec 12, 2025 H.I.S. Co., Ltd. announced that they will report fiscal year 2025 results on Dec 12, 2025 Aankondiging • Oct 23
H.I.S. Co., Ltd. (TSE:9603) agreed to acquire 80% stake in Southwing Co., Ltd from Seike Noboru for ¥960 million. H.I.S. Co., Ltd. (TSE:9603) agreed to acquire 80% stake in Southwing Co., Ltd from Seike Noboru for ¥960 million on October 22, 2025.
For the period ending August 31, 2025, Southwing Co., Ltd reported total revenue of ¥998 million, EBIT of ¥174 million and net income of ¥118 million. As of August 31, 2025, Southwing Co., Ltd reported total assets of ¥1.39 billion and total common equity of ¥989 million.
The expected completion of the transaction is November 10, 2025. Aankondiging • Jul 31
H.I.S. Co., Ltd. to Report Q3, 2025 Results on Sep 12, 2025 H.I.S. Co., Ltd. announced that they will report Q3, 2025 results on Sep 12, 2025 Aankondiging • May 23
Ranjan Kumar Dasdeb agreed to acquire remaining 51.25% stake in Number One Travel Shibuya Co.,Ltd, from H.I.S. Co., Ltd. (TSE:9603). Ranjan Kumar Dasdeb agreed to acquire remaining 51.25% stake in Number One Travel Shibuya Co.,Ltd, from H.I.S. Co., Ltd. (TSE:9603) on May 23, 2025.
For the period ending October 31, 2024, Number One Travel Shibuya Co.,Ltd, reported total revenue of ¥537 million and EBIT of ¥0. As of October 31, 2024, Number One Travel Shibuya Co.,Ltd, reported total assets of ¥48 million and total common equity of ¥354 million.
The expected completion of the transaction is May 29, 2025. Aankondiging • Apr 23
H.I.S. Co., Ltd. to Report Q2, 2025 Results on Jun 13, 2025 H.I.S. Co., Ltd. announced that they will report Q2, 2025 results on Jun 13, 2025 Aankondiging • Mar 05
H.I.S. Co., Ltd. to Report Q1, 2025 Results on Mar 31, 2025 H.I.S. Co., Ltd. announced that they will report Q1, 2025 results on Mar 31, 2025 Aankondiging • Oct 18
H.I.S. Co., Ltd. to Report Fiscal Year 2024 Results on Dec 13, 2024 H.I.S. Co., Ltd. announced that they will report fiscal year 2024 results on Dec 13, 2024 Buy Or Sell Opportunity • Oct 07
Now 21% undervalued Over the last 90 days, the stock has risen 21% to €10.20. The fair value is estimated to be €12.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Buy Or Sell Opportunity • Sep 17
Now 23% undervalued Over the last 90 days, the stock has risen 17% to €11.10. The fair value is estimated to be €14.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Reported Earnings • Sep 17
Third quarter 2024 earnings released: EPS: JP¥0.12 (vs JP¥11.17 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥0.12 (up from JP¥11.17 loss in 3Q 2023). Revenue: JP¥76.4b (up 25% from 3Q 2023). Net income: JP¥9.00m (up JP¥835.0m from 3Q 2023). Profit margin: 0% (up from net loss in 3Q 2023). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Aankondiging • Jul 17
H.I.S. Co., Ltd. to Report Q3, 2024 Results on Sep 13, 2024 H.I.S. Co., Ltd. announced that they will report Q3, 2024 results on Sep 13, 2024 Reported Earnings • Jun 17
Second quarter 2024 earnings released: EPS: JP¥17.33 (vs JP¥16.74 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥17.33 (up from JP¥16.74 loss in 2Q 2023). Revenue: JP¥80.7b (up 42% from 2Q 2023). Net income: JP¥1.30b (up JP¥2.53b from 2Q 2023). Profit margin: 1.6% (up from net loss in 2Q 2023). Revenue is forecast to grow 5.8% 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 94% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Aankondiging • Apr 20
H.I.S. Co., Ltd. to Report Q2, 2024 Results on Jun 14, 2024 H.I.S. Co., Ltd. announced that they will report Q2, 2024 results on Jun 14, 2024 New Risk • Mar 27
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results. Reported Earnings • Mar 18
First quarter 2024 earnings released: EPS: JP¥34.56 (vs JP¥48.29 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥34.56 (up from JP¥48.29 loss in 1Q 2023). Revenue: JP¥80.5b (up 75% from 1Q 2023). Net income: JP¥2.58b (up JP¥6.15b from 1Q 2023). Profit margin: 3.2% (up from net loss in 1Q 2023). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jan 23
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 5.8% to €11.00. The fair value is estimated to be €9.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has grown by 64%. Aankondiging • Dec 17
H.I.S. Co., Ltd., Annual General Meeting, Jan 25, 2024 H.I.S. Co., Ltd., Annual General Meeting, Jan 25, 2024. Reported Earnings • Dec 17
Full year 2023 earnings released: JP¥35.34 loss per share (vs JP¥130 loss in FY 2022) Full year 2023 results: JP¥35.34 loss per share (improved from JP¥130 loss in FY 2022). Revenue: JP¥251.9b (up 76% from FY 2022). Net loss: JP¥2.62b (loss narrowed 73% from FY 2022). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Hospitality industry in Germany. Aankondiging • Nov 08
H.I.S. Co., Ltd. to Report Fiscal Year 2023 Results on Dec 15, 2023 H.I.S. Co., Ltd. announced that they will report fiscal year 2023 results on Dec 15, 2023 Reported Earnings • Sep 17
Third quarter 2023 earnings released: JP¥11.17 loss per share (vs JP¥86.01 loss in 3Q 2022) Third quarter 2023 results: JP¥11.17 loss per share (improved from JP¥86.01 loss in 3Q 2022). Revenue: JP¥61.1b (up 94% from 3Q 2022). Net loss: JP¥826.0m (loss narrowed 87% from 3Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Germany. Aankondiging • Aug 18
H.I.S. Co., Ltd. to Report Q3, 2023 Results on Sep 13, 2023 H.I.S. Co., Ltd. announced that they will report Q3, 2023 results on Sep 13, 2023 New Risk • Jun 17
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.4% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.4% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results. Reported Earnings • Jun 17
Second quarter 2023 earnings released: JP¥16.74 loss per share (vs JP¥239 loss in 2Q 2022) Second quarter 2023 results: JP¥16.74 loss per share (improved from JP¥239 loss in 2Q 2022). Revenue: JP¥56.8b (up 63% from 2Q 2022). Net loss: JP¥1.24b (loss narrowed 93% from 2Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Germany. Aankondiging • May 17
H.I.S. Co., Ltd. to Report Q2, 2023 Results on Jun 14, 2023 H.I.S. Co., Ltd. announced that they will report Q2, 2023 results on Jun 14, 2023 Reported Earnings • Mar 17
First quarter 2023 earnings released: JP¥48.29 loss per share (vs JP¥129 loss in 1Q 2022) First quarter 2023 results: JP¥48.29 loss per share (improved from JP¥129 loss in 1Q 2022). Revenue: JP¥46.1b (up 37% from 1Q 2022). Net loss: JP¥3.57b (loss narrowed 62% from 1Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Hospitality industry in Germany. Aankondiging • Feb 17
H.I.S. Co., Ltd. to Report Q1, 2023 Results on Mar 15, 2023 H.I.S. Co., Ltd. announced that they will report Q1, 2023 results on Mar 15, 2023 Reported Earnings • Feb 02
Full year 2022 earnings released: JP¥130 loss per share (vs JP¥750 loss in FY 2021) Full year 2022 results: JP¥130 loss per share (improved from JP¥750 loss in FY 2021). Revenue: JP¥142.8b (up 20% from FY 2021). Net loss: JP¥9.55b (loss narrowed 81% from FY 2021). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Hospitality industry in Germany. Aankondiging • Dec 17
H.I.S. Co., Ltd., Annual General Meeting, Jan 26, 2023 H.I.S. Co., Ltd., Annual General Meeting, Jan 26, 2023. Reported Earnings • Dec 16
Full year 2022 earnings released: JP¥130 loss per share (vs JP¥750 loss in FY 2021) Full year 2022 results: JP¥130 loss per share (improved from JP¥750 loss in FY 2021). Revenue: JP¥142.8b (up 20% from FY 2021). Net loss: JP¥9.55b (loss narrowed 81% from FY 2021). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in Germany. Aankondiging • Nov 18
H.I.S. Co., Ltd. to Report Fiscal Year 2022 Results on Dec 15, 2022 H.I.S. Co., Ltd. announced that they will report fiscal year 2022 results on Dec 15, 2022 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 8 non-independent directors. Independent Outside Director Atsushi Nabeshima 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 • Sep 15
Third quarter 2022 earnings released: JP¥86.00 loss per share (vs JP¥145 loss in 3Q 2021) Third quarter 2022 results: JP¥86.00 loss per share (improved from JP¥145 loss in 3Q 2021). Revenue: JP¥31.4b (up 36% from 3Q 2021). Net loss: JP¥6.35b (loss narrowed 37% from 3Q 2021). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Hospitality industry in Germany. Aankondiging • Sep 01
A private equity fund managed by PAG Asia Capital entered into a share transfer agreement to acquire 66.67% stake in Huis Ten Bosch Co., Ltd. from H.I.S. Co., Ltd. (TSE:9603) for ¥66.7 billion. A private equity fund managed by PAG Asia Capital entered into a share transfer agreement to acquire 66.67% stake in Huis Ten Bosch Co., Ltd. from H.I.S. Co., Ltd. (TSE:9603) for ¥66.7 billion on August 30, 2022. Huis Ten Bosch shall transfer 20 million shares as per the deal. For the Fiscal year ending September 30, 2021, Huis Ten reported net assets of ¥39 billion, total assets of ¥42.3 billion, sales of ¥11.6 billion and operating loss of ¥2.9 billion. Planned share transfer date is September 30, 2022. Aankondiging • Aug 19
H.I.S. Co., Ltd. to Report Q3, 2022 Results on Sep 13, 2022 H.I.S. Co., Ltd. announced that they will report Q3, 2022 results on Sep 13, 2022 Reported Earnings • Jun 14
Second quarter 2022 earnings released: JP¥239 loss per share (vs JP¥234 loss in 2Q 2021) Second quarter 2022 results: JP¥239 loss per share (down from JP¥234 loss in 2Q 2021). Revenue: JP¥34.9b (up 21% from 2Q 2021). Net loss: JP¥17.6b (loss widened 15% from 2Q 2021). Over the next year, revenue is forecast to grow 146%, compared to a 32% growth forecast for the industry in Germany. Aankondiging • May 18
H.I.S. Co., Ltd. to Report Q2, 2022 Results on Jun 13, 2022 H.I.S. Co., Ltd. announced that they will report Q2, 2022 results on Jun 13, 2022 Board Change • Apr 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 8 non-independent directors. Independent Outside Director Atsushi Nabeshima 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 • Mar 19
First quarter 2022 earnings: EPS in line with expectations, revenues disappoint First quarter 2022 results: JP¥129 loss per share (up from JP¥132 loss in 1Q 2021). Revenue: JP¥33.6b (down 7.2% from 1Q 2021). Net loss: JP¥9.30b (loss widened 12% from 1Q 2021). Revenue missed analyst estimates by 16%. Over the next year, revenue is forecast to grow 338%, compared to a 109% growth forecast for the industry in Germany. Aankondiging • Feb 25
H.I.S. Co., Ltd. to Report Q1, 2022 Results on Mar 17, 2022 H.I.S. Co., Ltd. announced that they will report Q1, 2022 results on Mar 17, 2022 Reported Earnings • Dec 29
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: JP¥750 loss per share (down from JP¥433 loss in FY 2020). Revenue: JP¥118.6b (down 72% from FY 2020). Net loss: JP¥50.1b (loss widened 100% from FY 2020). Revenue missed analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 214%, compared to a 24% growth forecast for the restaurants industry in Germany. Aankondiging • Nov 24
H.I.S. Co., Ltd. announced that it has received ¥2.556278412 billion in funding from Pacific Alliance Investment Management Limited On November 22, 2021, H.I.S. Co., Ltd. closed the transaction. Reported Earnings • Jun 13
Second quarter 2021 earnings released: JP¥233 loss per share (vs JP¥98.10 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: JP¥28.8b (down 80% from 2Q 2020). Net loss: JP¥15.2b (loss widened 170% from 2Q 2020). Reported Earnings • Mar 16
First quarter 2021 earnings released: JP¥127 loss per share (vs JP¥37.92 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: JP¥38.9b (down 81% from 1Q 2020). Net loss: JP¥7.98b (down 467% from profit in 1Q 2020). Aankondiging • Feb 21
H.I.S. Co., Ltd. to Report Q1, 2021 Results on Mar 15, 2021 H.I.S. Co., Ltd. announced that they will report Q1, 2021 results on Mar 15, 2021 Reported Earnings • Feb 03
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: JP¥430.3b (down 47% from FY 2019). Net loss: JP¥25.0b (down 304% from profit in FY 2019). Analyst Estimate Surprise Post Earnings • Feb 03
Revenue beats expectations Revenue exceeded analyst estimates by 0.9%. Over the next year, revenue is expected to shrink by 4.9% compared to a 27% growth forecast for the Hospitality industry in Germany. 
