Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥8,920, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 15x in the Luxury industry in Japan. Total returns to shareholders of 642% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥5,695 per share. Declared Dividend • Jul 25
Final dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 29th September 2026 Payment date: 7th December 2026 Dividend yield will be 1.3%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥7,780, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 20x in the Luxury industry in Japan. Total returns to shareholders of 539% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥5,514 per share. Price Target Changed • Jun 15
Price target increased by 12% to JP¥8,150 Up from JP¥7,263, the current price target is an average from 4 analysts. New target price is 10% above last closing price of JP¥7,380. Stock is up 251% over the past year. The company is forecast to post earnings per share of JP¥298 for next year compared to JP¥269 last year. Aankondiging • Jun 12
Seiko Group Corporation to Report Q1, 2027 Results on Aug 07, 2026 Seiko Group Corporation announced that they will report Q1, 2027 results on Aug 07, 2026 Live-nieuws • May 22
Seiko Group Posts 65% Profit Surge and Stock Split With Higher Dividend Outlook Seiko Group reported a 65% profit surge and double-digit sales growth for the fiscal year ending March 31, 2026, supported by improved margins and a stronger equity ratio.
The company raised its annual dividend to ¥165 per share, above its 30% payout target, indicating a focus on returning cash to shareholders while still adding to internal reserves.
Seiko executed a 2-for-1 stock split effective April 1, 2026, adjusted dividend payments to align with the new share structure, and is forecasting a 6.6% rise in net sales along with higher operating and ordinary profits for fiscal 2027.
The combination of stronger profitability, a higher dividend, and a stock split suggests that management is signaling confidence in the current business position and earnings outlook.
For investors, key factors to monitor include whether margins and sales continue to support the richer dividend policy and how the increased share count after the split influences trading liquidity and investor interest. Reported Earnings • May 14
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥538 (up from JP¥163 in FY 2025). Revenue: JP¥335.7b (up 10% from FY 2025). Net income: JP¥22.0b (up 65% from FY 2025). Profit margin: 6.5% (up from 4.4% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 9.2%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 13
Seiko Group Corporation, Annual General Meeting, Jun 25, 2026 Seiko Group Corporation, Annual General Meeting, Jun 25, 2026. Buy Or Sell Opportunity • May 07
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 52% to JP¥6,000. The fair value is estimated to be JP¥4,856, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 7.9% per annum over the same time period. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.7%). Aankondiging • Mar 07
Seiko Group Corporation to Report Fiscal Year 2026 Results on May 13, 2026 Seiko Group Corporation announced that they will report fiscal year 2026 results at 3:30 PM, Tokyo Standard Time on May 13, 2026 Major Estimate Revision • Feb 27
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥319.8b to JP¥324.1b. EPS estimate increased from JP¥406 to JP¥450 per share. Net income forecast to shrink 6.4% next year vs 10% growth forecast for Luxury industry in Japan . Consensus price target up from JP¥7,775 to JP¥10,975. Share price rose 15% to JP¥13,240 over the past week. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥10,680, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 21x in the Luxury industry in Japan. Total returns to shareholders of 287% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥8,006 per share. New Risk • Feb 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.2% average weekly change). Buy Or Sell Opportunity • Feb 12
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 39% to JP¥10,060. The fair value is estimated to be JP¥7,806, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 4.4% per annum over the same time period. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥197 (vs JP¥104 in 3Q 2025) Third quarter 2026 results: EPS: JP¥197 (up from JP¥104 in 3Q 2025). Revenue: JP¥93.6b (up 15% from 3Q 2025). Net income: JP¥8.04b (up 88% from 3Q 2025). Profit margin: 8.6% (up from 5.2% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jan 31
Price target increased by 9.0% to JP¥7,775 Up from JP¥7,133, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of JP¥7,700. Stock is up 44% over the past year. The company is forecast to post earnings per share of JP¥403 for next year compared to JP¥326 last year. Declared Dividend • Dec 06
First half dividend of JP¥70.00 announced Shareholders will receive a dividend of JP¥70.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 1.8%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 6.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Dec 03
Price target increased by 10% to JP¥7,433 Up from JP¥6,733, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥7,170. Stock is up 68% over the past year. The company is forecast to post earnings per share of JP¥400 for next year compared to JP¥326 last year. Aankondiging • Nov 29
Seiko Group Corporation to Report Q3, 2026 Results on Feb 10, 2026 Seiko Group Corporation announced that they will report Q3, 2026 results on Feb 10, 2026 Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: JP¥150 (vs JP¥127 in 2Q 2025) Second quarter 2026 results: EPS: JP¥150 (up from JP¥127 in 2Q 2025). Revenue: JP¥83.4b (up 8.4% from 2Q 2025). Net income: JP¥6.15b (up 19% from 2Q 2025). Profit margin: 7.4% (up from 6.7% in 2Q 2025). 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 7.5% growth forecast for the Luxury 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 increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Sep 04
Price target increased by 22% to JP¥6,733 Up from JP¥5,500, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥6,590. Stock is up 69% over the past year. The company is forecast to post earnings per share of JP¥378 for next year compared to JP¥326 last year. Aankondiging • Sep 04
Seiko Group Corporation to Report Q2, 2026 Results on Nov 11, 2025 Seiko Group Corporation announced that they will report Q2, 2026 results on Nov 11, 2025 Buy Or Sell Opportunity • Aug 27
Now 20% undervalued Over the last 90 days, the stock has risen 48% to JP¥6,140. The fair value is estimated to be JP¥7,704, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 8.7% per annum over the same time period. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to JP¥5,600, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Luxury industry in Japan. Total returns to shareholders of 118% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥7,541 per share. Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥155 (vs JP¥85.64 in 1Q 2025) First quarter 2026 results: EPS: JP¥155 (up from JP¥85.64 in 1Q 2025). Revenue: JP¥77.1b (up 4.2% from 1Q 2025). Net income: JP¥6.35b (up 82% from 1Q 2025). Profit margin: 8.2% (up from 4.7% in 1Q 2025). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 29th September 2025 Payment date: 5th December 2025 Dividend yield will be 2.6%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 8.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jun 12
Seiko Group Corporation to Report Q1, 2026 Results on Aug 08, 2025 Seiko Group Corporation announced that they will report Q1, 2026 results on Aug 08, 2025 Buy Or Sell Opportunity • May 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to JP¥4,110. The fair value is estimated to be JP¥5,147, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 8.3% per annum over the same time period. Reported Earnings • May 14
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥326 (up from JP¥244 in FY 2024). Revenue: JP¥304.7b (up 10% from FY 2024). Net income: JP¥13.3b (up 33% from FY 2024). Profit margin: 4.4% (up from 3.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 23% per year. Aankondiging • May 13
Seiko Group Corporation, Annual General Meeting, Jun 27, 2025 Seiko Group Corporation, Annual General Meeting, Jun 27, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥3,325, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Luxury industry in Japan. Total returns to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥5,202 per share. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.8%). Aankondiging • Mar 13
Seiko Group Corporation to Report Fiscal Year 2025 Results on May 13, 2025 Seiko Group Corporation announced that they will report fiscal year 2025 results at 3:30 PM, Tokyo Standard Time on May 13, 2025 Buy Or Sell Opportunity • Mar 11
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to JP¥4,160. The fair value is estimated to be JP¥5,304, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 3.2% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Reported Earnings • Feb 13
Third quarter 2025 earnings released: EPS: JP¥104 (vs JP¥106 in 3Q 2024) Third quarter 2025 results: EPS: JP¥104 (down from JP¥106 in 3Q 2024). Revenue: JP¥81.5b (up 9.6% from 3Q 2024). Net income: JP¥4.27b (down 2.2% from 3Q 2024). Profit margin: 5.2% (down from 5.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Luxury 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 increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Dec 17
Price target increased by 7.1% to JP¥5,533 Up from JP¥5,167, the current price target is an average from 3 analysts. New target price is 18% above last closing price of JP¥4,685. Stock is up 76% over the past year. The company is forecast to post earnings per share of JP¥319 for next year compared to JP¥244 last year. Declared Dividend • Dec 06
First half dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 2.1%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Dec 05
Seiko Group Corporation to Report Q3, 2025 Results on Feb 12, 2025 Seiko Group Corporation announced that they will report Q3, 2025 results on Feb 12, 2025 Buy Or Sell Opportunity • Nov 28
Now 21% undervalued Over the last 90 days, the stock has risen 2.9% to JP¥4,100. The fair value is estimated to be JP¥5,160, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 8.3% per annum over the same time period. Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: JP¥127 (vs JP¥93.70 in 2Q 2024) Second quarter 2025 results: EPS: JP¥127 (up from JP¥93.70 in 2Q 2024). Revenue: JP¥77.0b (up 13% from 2Q 2024). Net income: JP¥5.18b (up 34% from 2Q 2024). Profit margin: 6.7% (up from 5.7% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 20% per year. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%). Aankondiging • Sep 05
Seiko Group Corporation to Report Q2, 2025 Results on Nov 12, 2024 Seiko Group Corporation announced that they will report Q2, 2025 results on Nov 12, 2024 Buy Or Sell Opportunity • Aug 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.3% to JP¥4,190. The fair value is estimated to be JP¥5,239, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 9.9% per annum over the same time period. Reported Earnings • Aug 18
First quarter 2025 earnings released: EPS: JP¥85.64 (vs JP¥58.41 in 1Q 2024) First quarter 2025 results: EPS: JP¥85.64 (up from JP¥58.41 in 1Q 2024). Revenue: JP¥74.0b (up 18% from 1Q 2024). Net income: JP¥3.49b (up 45% from 1Q 2024). Profit margin: 4.7% (up from 3.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year and the company’s share price has also increased by 27% per year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to JP¥3,220, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Luxury industry in Japan. Total returns to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,766 per share. New Risk • Aug 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks High level of debt (56% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.6% average weekly change). Buy Or Sell Opportunity • Aug 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.6% to JP¥3,855. The fair value is estimated to be JP¥4,872, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Declared Dividend • Jul 11
Final dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 1.8%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Jun 13
Price target increased by 13% to JP¥5,333 Up from JP¥4,733, the current price target is an average from 3 analysts. New target price is 14% above last closing price of JP¥4,695. Stock is up 82% over the past year. The company is forecast to post earnings per share of JP¥296 for next year compared to JP¥244 last year. Reported Earnings • May 18
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: JP¥244 (up from JP¥122 in FY 2023). Revenue: JP¥276.8b (up 6.3% from FY 2023). Net income: JP¥10.1b (up 100% from FY 2023). Profit margin: 3.6% (up from 1.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 26% per year. Aankondiging • May 16
Seiko Group Corporation, Annual General Meeting, Jun 27, 2024 Seiko Group Corporation, Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥37.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.7%). Price Target Changed • Mar 05
Price target increased by 17% to JP¥4,300 Up from JP¥3,667, the current price target is an average from 3 analysts. New target price is 15% above last closing price of JP¥3,725. Stock is up 25% over the past year. The company is forecast to post earnings per share of JP¥236 for next year compared to JP¥122 last year. Aankondiging • Feb 29
Seiko Group Corporation to Report Fiscal Year 2024 Results on May 14, 2024 Seiko Group Corporation announced that they will report fiscal year 2024 results at 3:00 PM, Tokyo Standard Time on May 14, 2024 Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥3,190, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Luxury industry in Japan. Total returns to shareholders of 97% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,703 per share. Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: JP¥106 (vs JP¥68.14 in 3Q 2023) Third quarter 2024 results: EPS: JP¥106 (up from JP¥68.14 in 3Q 2023). Revenue: JP¥74.4b (up 10% from 3Q 2023). Net income: JP¥4.36b (up 55% from 3Q 2023). Profit margin: 5.9% (up from 4.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Price Target Changed • Feb 15
Price target decreased by 8.3% to JP¥3,667 Down from JP¥4,000, the current price target is an average from 3 analysts. New target price is 20% above last closing price of JP¥3,045. Stock is up 3.2% over the past year. The company is forecast to post earnings per share of JP¥242 for next year compared to JP¥122 last year. Buying Opportunity • Dec 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 4.3%. The fair value is estimated to be JP¥3,237, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 50%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings is also forecast to grow by 17% per annum over the same time period.