Aankondiging • Jun 26
Apple International Co., Ltd. to Report Q2, 2026 Results on Aug 10, 2026 Apple International Co., Ltd. announced that they will report Q2, 2026 results on Aug 10, 2026 Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €2.04, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 18x in the Specialty Retail industry in Germany. Total returns to shareholders of 19% over the past three years. Board Change • May 20
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. 6 non-independent directors. Independent Outside Director Fuji Yoichi was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Feb 13
Apple International Co., Ltd., Annual General Meeting, Mar 27, 2026 Apple International Co., Ltd., Annual General Meeting, Mar 27, 2026. Aankondiging • Dec 27
Apple International Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026 Apple International Co., Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026 Aankondiging • Sep 23
Apple International Co., Ltd. to Report Q3, 2025 Results on Nov 14, 2025 Apple International Co., Ltd. announced that they will report Q3, 2025 results on Nov 14, 2025 Aankondiging • Jun 26
Apple International Co., Ltd. to Report Q2, 2025 Results on Aug 08, 2025 Apple International Co., Ltd. announced that they will report Q2, 2025 results on Aug 08, 2025 Aankondiging • Mar 27
Apple International Co., Ltd. to Report Q1, 2025 Results on May 09, 2025 Apple International Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025 Aankondiging • Feb 14
Apple International Co., Ltd., Annual General Meeting, Mar 28, 2025 Apple International Co., Ltd., Annual General Meeting, Mar 28, 2025. Aankondiging • Jan 03
Apple International Co., Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025 Apple International Co., Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025 Board Change • Dec 30
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. 2 experienced directors. 5 highly experienced directors. 1 independent director (4 non-independent directors). Independent Outside Director Yoshimasa Nishida was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: JP¥26.71 (vs JP¥18.31 in 3Q 2023) Third quarter 2024 results: EPS: JP¥26.71 (up from JP¥18.31 in 3Q 2023). Revenue: JP¥10.4b (up 40% from 3Q 2023). Net income: JP¥343.0m (up 45% from 3Q 2023). Profit margin: 3.3% (up from 3.2% in 3Q 2023). The increase in margin was driven by higher revenue. Aankondiging • Sep 25
Apple International Co., Ltd. to Report Q3, 2024 Results on Nov 08, 2024 Apple International Co., Ltd. announced that they will report Q3, 2024 results on Nov 08, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €2.44, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 24x in the Specialty Retail industry in Germany. Total loss to shareholders of 16% over the past year. Aankondiging • Jun 22
Apple International Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024 Apple International Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 New Risk • Jun 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.1% net profit margin). Market cap is less than US$100m (€41.8m market cap, or US$44.9m). Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €3.54, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 24x in the Specialty Retail industry in Germany. Total returns to shareholders of 94% over the past year. Reported Earnings • May 13
First quarter 2024 earnings released: EPS: JP¥33.02 (vs JP¥23.30 in 1Q 2023) First quarter 2024 results: EPS: JP¥33.02 (up from JP¥23.30 in 1Q 2023). Revenue: JP¥13.4b (up 67% from 1Q 2023). Net income: JP¥424.0m (up 41% from 1Q 2023). Profit margin: 3.2% (down from 3.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Aankondiging • Mar 28
Apple International Co., Ltd. to Report Q1, 2024 Results on May 10, 2024 Apple International Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024 New Risk • Mar 14
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Market cap is less than US$100m (€33.5m market cap, or US$36.6m). Aankondiging • Feb 19
Apple International Co., Ltd., Annual General Meeting, Mar 28, 2024 Apple International Co., Ltd., Annual General Meeting, Mar 28, 2024. Aankondiging • Dec 21
Apple International Co., Ltd. to Report Fiscal Year 2023 Results on Feb 16, 2024 Apple International Co., Ltd. announced that they will report fiscal year 2023 results on Feb 16, 2024 New Risk • Nov 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Market cap is less than US$100m (€34.0m market cap, or US$37.1m). Reported Earnings • Nov 12
Third quarter 2023 earnings released: EPS: JP¥18.31 (vs JP¥48.10 in 3Q 2022) Third quarter 2023 results: EPS: JP¥18.31 (down from JP¥48.10 in 3Q 2022). Revenue: JP¥7.42b (down 28% from 3Q 2022). Net income: JP¥236.0m (down 62% from 3Q 2022). Profit margin: 3.2% (down from 6.1% in 3Q 2022). The decrease in margin was driven by lower revenue. Aankondiging • Sep 21
Apple International Co., Ltd. to Report Q3, 2023 Results on Nov 10, 2023 Apple International Co., Ltd. announced that they will report Q3, 2023 results on Nov 10, 2023 Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €3.34, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 52x in the Specialty Retail industry in Germany. Aankondiging • Sep 01
Apple International Co., Ltd. (TSE:2788) announces an Equity Buyback for 90,000 shares, representing 0.7% for ¥45.27 million. Apple International Co., Ltd. (TSE:2788) announces a share repurchase program. Under the program, the company will repurchase up to 90,000 shares, representing 0.70% of its issued share capital (excluding treasury stock), for a total purchase price of ¥45.27 million. The shares will be repurchased at a price of ¥503 per share. The purpose of the program is to improve capital efficiency. As of June 30, 2023, the company has 12,921,124 issued shares (excluding treasury stock) and 930,276 treasury shares. New Risk • Aug 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 49% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (49% accrual ratio). Minor Risk Market cap is less than US$100m (€35.7m market cap, or US$38.9m). Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: JP¥37.38 (vs JP¥28.52 in 2Q 2022) Second quarter 2023 results: EPS: JP¥37.38 (up from JP¥28.52 in 2Q 2022). Revenue: JP¥8.13b (up 8.9% from 2Q 2022). Net income: JP¥483.0m (up 22% from 2Q 2022). Profit margin: 5.9% (up from 5.3% in 2Q 2022). The increase in margin was driven by higher revenue. New Risk • Aug 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risk Market cap is less than US$100m (€37.6m market cap, or US$41.4m). Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €2.84, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 24x in the Specialty Retail industry in Germany. Aankondiging • Jun 23
Apple International Co., Ltd. to Report Q2, 2023 Results on Aug 10, 2023 Apple International Co., Ltd. announced that they will report Q2, 2023 results on Aug 10, 2023 Reported Earnings • May 16
First quarter 2023 earnings released: EPS: JP¥23.30 (vs JP¥10.40 in 1Q 2022) First quarter 2023 results: EPS: JP¥23.30 (up from JP¥10.40 in 1Q 2022). Revenue: JP¥7.99b (up 48% from 1Q 2022). Net income: JP¥301.0m (up 109% from 1Q 2022). Profit margin: 3.8% (up from 2.7% in 1Q 2022). The increase in margin was driven by higher revenue. Board Change • May 15
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 8 highly experienced directors. No independent directors (7 non-independent directors). GM of Administration & Director Shigeki Shimizu was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 