Declared Dividend • Mar 10
First half dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 29th June 2026 Payment date: 29th September 2026 Dividend yield will be 0.8%, which is higher than the industry average of 0.6%. Payout Ratios Payout ratio: 10%. Cash payout ratio: 51%. Price Target Changed • Mar 06
Price target increased by 9.1% to JP¥5,800 Up from JP¥5,317, the current price target is an average from 3 analysts. New target price is 10% above last closing price of JP¥5,250. Stock is up 62% over the past year. The company is forecast to post earnings per share of JP¥194 for next year compared to JP¥163 last year. Price Target Changed • Mar 03
Price target increased by 7.6% to JP¥5,583 Up from JP¥5,188, the current price target is an average from 3 analysts. New target price is 14% above last closing price of JP¥4,895. Stock is up 52% over the past year. The company is forecast to post earnings per share of JP¥193 for next year compared to JP¥163 last year. Reported Earnings • Feb 10
Second quarter 2026 earnings released: EPS: JP¥43.87 (vs JP¥38.13 in 2Q 2025) Second quarter 2026 results: EPS: JP¥43.87 (up from JP¥38.13 in 2Q 2025). Revenue: JP¥36.7b (up 22% from 2Q 2025). Net income: JP¥1.69b (up 17% from 2Q 2025). Profit margin: 4.6% (down from 4.8% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Feb 09
The Monogatari Corporation (TSE:3097) announces an Equity Buyback for 140,000 shares, for ¥600 million. The Monogatari Corporation (TSE:3097) announces a share repurchase program. Under the program, the company will repurchase up to 140,000 shares, representing 0.3% of its issued share capital (excluding treasury stock), for a total purchase price of ¥600 million. The shares will be repurchased at ¥4,265 per share. The purpose of the program is to prepare for implementing flexible capital policies aligned with the Company's future business operation. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 March 2026. Payout ratio is a comfortable 32% and the cash payout ratio is 96%. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (0.9%). Reported Earnings • Nov 08
First quarter 2026 earnings released: EPS: JP¥49.79 (vs JP¥36.52 in 1Q 2025) First quarter 2026 results: EPS: JP¥49.79 (up from JP¥36.52 in 1Q 2025). Revenue: JP¥35.6b (up 20% from 1Q 2025). Net income: JP¥1.92b (up 46% from 1Q 2025). Profit margin: 5.4% (up from 4.4% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 18% per year. Declared Dividend • Oct 06
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 29th December 2025 Payment date: 10th March 2026 Dividend yield will be 0.9%, which is higher than the industry average of 0.6%. Payout Ratios Payout ratio: 10%. Cash payout ratio: 96%. Price Target Changed • Sep 06
Price target increased by 10% to JP¥5,188 Up from JP¥4,713, the current price target is an average from 4 analysts. New target price is 19% above last closing price of JP¥4,365. Stock is up 25% over the past year. The company is forecast to post earnings per share of JP¥187 for next year compared to JP¥163 last year. Buy Or Sell Opportunity • Aug 29
Now 20% undervalued Over the last 90 days, the stock has risen 17% to JP¥4,195. The fair value is estimated to be JP¥5,250, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 8.7% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Reported Earnings • Aug 09
Full year 2025 earnings: EPS in line with analyst expectations despite revenue beat Full year 2025 results: EPS: JP¥163 (up from JP¥158 in FY 2024). Revenue: JP¥123.9b (up 16% from FY 2024). Net income: JP¥6.16b (up 9.2% from FY 2024). Profit margin: 5.0% (down from 5.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 22% per year. Aankondiging • Aug 08
The Monogatari Corporation, Annual General Meeting, Sep 26, 2025 The Monogatari Corporation, Annual General Meeting, Sep 26, 2025. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 26 September 2025. Payout ratio is a comfortable 10% but the company is paying out more than the cash it is generating. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (4.0%). In line with average of industry peers (0.8%). Aankondiging • Jun 03
The Monogatari Corporation to Report Fiscal Year 2025 Results on Aug 08, 2025 The Monogatari Corporation announced that they will report fiscal year 2025 results on Aug 08, 2025 Reported Earnings • May 10
Third quarter 2025 earnings released: EPS: JP¥47.43 (vs JP¥47.87 in 3Q 2024) Third quarter 2025 results: EPS: JP¥47.43. Revenue: JP¥32.7b (up 14% from 3Q 2024). Net income: JP¥1.83b (up 7.0% from 3Q 2024). Profit margin: 5.6% (down from 6.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Hospitality industry in Japan. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥3,575, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 21x in the Hospitality industry in Japan. Total returns to shareholders of 104% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,092 per share. Declared Dividend • Mar 11
First half dividend of JP¥18.00 announced Shareholders will receive a dividend of JP¥18.00. Ex-date: 27th June 2025 Payment date: 26th September 2025 Dividend yield will be 1.1%, which is higher than the industry average of 0.6%. Payout Ratios Payout ratio: 21%. Cash payout ratio: 103%. Buy Or Sell Opportunity • Feb 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to JP¥3,150. The fair value is estimated to be JP¥3,939, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Reported Earnings • Feb 12
Second quarter 2025 earnings released: EPS: JP¥38.13 (vs JP¥31.52 in 2Q 2024) Second quarter 2025 results: EPS: JP¥38.13 (up from JP¥31.52 in 2Q 2024). Revenue: JP¥30.2b (up 16% from 2Q 2024). Net income: JP¥1.45b (up 29% from 2Q 2024). Profit margin: 4.8% (up from 4.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Hospitality 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 14% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.1% to JP¥3,285. The fair value is estimated to be JP¥4,160, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Buy Or Sell Opportunity • Jan 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to JP¥3,360. The fair value is estimated to be JP¥4,260, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 03 March 2025. Payout ratio is a comfortable 20% but the company is paying out more than the cash it is generating. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (0.8%). Reported Earnings • Nov 09
First quarter 2025 earnings released: EPS: JP¥36.52 (vs JP¥37.44 in 1Q 2024) First quarter 2025 results: EPS: JP¥36.52 (down from JP¥37.44 in 1Q 2024). Revenue: JP¥29.8b (up 15% from 1Q 2024). Net income: JP¥1.31b (down 1.6% from 1Q 2024). Profit margin: 4.4% (down from 5.2% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Declared Dividend • Oct 10
Final dividend of JP¥18.00 announced Shareholders will receive a dividend of JP¥18.00. Ex-date: 27th December 2024 Payment date: 3rd March 2025 Dividend yield will be 0.9%, which is higher than the industry average of 0.6%. Payout Ratios Payout ratio: 20%. Cash payout ratio: 285%. New Risk • Sep 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 14
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: JP¥158 (up from JP¥129 in FY 2023). Revenue: JP¥107.2b (up 16% from FY 2023). Net income: JP¥5.64b (up 20% from FY 2023). Profit margin: 5.3% (up from 5.1% 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 13% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 09
The Monogatari Corporation, Annual General Meeting, Sep 25, 2024 The Monogatari Corporation, Annual General Meeting, Sep 25, 2024. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 9.8% but the company is paying out more than the cash it is generating. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (0.7%). Price Target Changed • May 24
Price target decreased by 11% to JP¥4,933 Down from JP¥5,533, the current price target is an average from 3 analysts. New target price is 42% above last closing price of JP¥3,485. Stock is up 10% over the past year. The company is forecast to post earnings per share of JP¥160 for next year compared to JP¥129 last year. Reported Earnings • May 12
Third quarter 2024 earnings released: EPS: JP¥47.87 (vs JP¥36.54 in 3Q 2023) Third quarter 2024 results: EPS: JP¥47.87 (up from JP¥36.54 in 3Q 2023). Revenue: JP¥28.6b (up 18% from 3Q 2023). Net income: JP¥1.71b (up 28% from 3Q 2023). Profit margin: 6.0% (up from 5.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Price Target Changed • Feb 19
Price target increased by 11% to JP¥5,243 Up from JP¥4,743, the current price target is an average from 3 analysts. New target price is 12% above last closing price of JP¥4,695. Stock is up 98% over the past year. The company is forecast to post earnings per share of JP¥160 for next year compared to JP¥129 last year. Declared Dividend • Feb 11
First half dividend of JP¥15.00 announced Dividend of JP¥15.00 is the same as last year. Ex-date: 27th June 2024 Payment date: 27th September 2024 Dividend yield will be 0.6%, which is about the same as the industry average. Payout Ratios Payout ratio: 11%. Cash payout ratio: 46%. Reported Earnings • Feb 10
Second quarter 2024 earnings released: EPS: JP¥31.52 (vs JP¥27.02 in 2Q 2023) Second quarter 2024 results: EPS: JP¥31.52 (up from JP¥27.02 in 2Q 2023). Revenue: JP¥26.1b (up 17% from 2Q 2023). Net income: JP¥1.12b (up 14% from 2Q 2023). Profit margin: 4.3% (down from 4.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 39% per year. Buy Or Sell Opportunity • Feb 01
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to JP¥5,280. The fair value is estimated to be JP¥4,396, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 50% in the next 2 years. Aankondiging • Jan 06
The Monogatari Corporation to Report Q3, 2024 Results on May 10, 2024 The Monogatari Corporation announced that they will report Q3, 2024 results on May 10, 2024 Aankondiging • Dec 28
The Monogatari Corporation to Report Q2, 2024 Results on Feb 09, 2024 The Monogatari Corporation announced that they will report Q2, 2024 results on Feb 09, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥15.00 per share at 0.7% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 04 March 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (0.6%). Reported Earnings • Nov 10
First quarter 2024 earnings released: EPS: JP¥37.44 (vs JP¥33.61 in 1Q 2023) First quarter 2024 results: EPS: JP¥37.44 (up from JP¥33.61 in 1Q 2023). Revenue: JP¥25.9b (up 18% from 1Q 2023). Net income: JP¥1.34b (up 9.3% from 1Q 2023). Profit margin: 5.2% (down from 5.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Hospitality 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 only increased by 21% per year, which means it is significantly lagging earnings growth. New Risk • Oct 23
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 5.3% 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. This is currently the only risk that has been identified for the company. Buying Opportunity • Oct 20
Now 20% undervalued Over the last 90 days, the stock is up 4.8%. The fair value is estimated to be JP¥4,517, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 47%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 16% per annum over the same time period. Price Target Changed • Aug 18
Price target increased by 18% to JP¥4,060 Up from JP¥3,443, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥3,900. The company is forecast to post earnings per share of JP¥158 for next year compared to JP¥129 last year. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥3,935, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 30x in the Hospitality industry in Japan. Total returns to shareholders of 188% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,229 per share. Reported Earnings • Aug 12
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥129 (up from JP¥103 in FY 2022). Revenue: JP¥92.3b (up 26% from FY 2022). Net income: JP¥4.69b (up 26% from FY 2022). Profit margin: 5.1% (in line with FY 2022). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 9.5%. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 10
The Monogatari Corporation, Annual General Meeting, Sep 26, 2023 The Monogatari Corporation, Annual General Meeting, Sep 26, 2023. Aankondiging • Jul 29
The Monogatari Corporation to Report Fiscal Year 2023 Results on Aug 10, 2023 The Monogatari Corporation announced that they will report fiscal year 2023 results on Aug 10, 2023 Upcoming Dividend • Jun 22
Upcoming dividend of JP¥12.00 per share at 0.7% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (0.5%). Aankondiging • May 17
The Monogatari Corporation (TSE:3097) announces an Equity Buyback for 730,000 shares, representing 2% for ¥2,100 million. The Monogatari Corporation (TSE:3097) announces a share repurchase program. Under the program, the company will repurchase up to 730,000 shares, representing 2% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,100 million. The purpose of the program is to prepare for a flexible capital policy in line with the Company's future business development. The program will be valid till May 16, 2023. Price Target Changed • May 14
Price target increased by 11% to JP¥3,443 Up from JP¥3,089, the current price target is an average from 3 analysts. New target price is 11% above last closing price of JP¥3,115. The company is forecast to post earnings per share of JP¥119 for next year compared to JP¥103 last year. Reported Earnings • May 12
Third quarter 2023 earnings released: EPS: JP¥36.54 (vs JP¥11.97 in 3Q 2022) Third quarter 2023 results: EPS: JP¥36.54 (up from JP¥11.97 in 3Q 2022). Revenue: JP¥24.2b (up 31% from 3Q 2022). Net income: JP¥1.33b (up 206% from 3Q 2022). Profit margin: 5.5% (up from 2.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 35% per year. Buying Opportunity • Apr 05
Now 20% undervalued Over the last 90 days, the stock is up 26%. The fair value is estimated to be JP¥3,345, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 28% in 2 years. Earnings is forecast to grow by 61% in the next 2 years. Reported Earnings • Feb 12
Second quarter 2023 earnings released: EPS: JP¥81.07 (vs JP¥136 in 2Q 2022) Second quarter 2023 results: EPS: JP¥81.07 (down from JP¥136 in 2Q 2022). Revenue: JP¥22.3b (up 12% from 2Q 2022). Net income: JP¥982.0m (down 40% from 2Q 2022). Profit margin: 4.4% (down from 8.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 11
The Monogatari Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023 The Monogatari Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the period, the company expected net sales of JPY 87,658 million, operating profit of JPY 6,259 million, profit attributable to owners of parent of JPY 3,802 million and basic earnings per share of JPY 104.67. Aankondiging • Feb 10
The Monogatari Corporation Provides Year End Dividend Guidance for the Fiscal Year Ending March 31, 2023 The Monogatari Corporation provided year end dividend guidance for the fiscal year ending March 31, 2023. For the period, the company expected year end dividend of JPY 12 per share compared to JPY 35 per share paid a year ago. The company plans to conduct a 3-for-1 stock split as of March 1, 2023. If the stock split is not taken into account, the year-end dividend for the fiscal year June 2023 (forecast) would be JPY 36, and the annual dividend would be JPY 71, which would be an increase of JPY 1. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 02 March 2023. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (0.6%). Price Target Changed • Nov 21
Price target increased to JP¥9,267 Up from JP¥8,300, the current price target is an average from 3 analysts. New target price is 31% above last closing price of JP¥7,080. Stock is down 8.1% over the past year. The company is forecast to post earnings per share of JP¥343 for next year compared to JP¥309 last year. Reported Earnings • Nov 16
First quarter 2023 earnings released: EPS: JP¥101 (vs JP¥67.62 in 1Q 2022) First quarter 2023 results: EPS: JP¥101 (up from JP¥67.62 in 1Q 2022). Revenue: JP¥21.9b (up 39% from 1Q 2022). Net income: JP¥1.22b (up 50% from 1Q 2022). Profit margin: 5.6% (up from 5.2% in 1Q 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 11% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 18% per year. Board Change • Nov 16
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. 5 experienced directors. 7 highly experienced directors. No independent directors (11 non-independent directors). Senior Executive Officer, Head of Internal Audit & Director Kozo Hosoi 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. Reported Earnings • Nov 11
First quarter 2023 earnings released: EPS: JP¥101 (vs JP¥67.62 in 1Q 2022) First quarter 2023 results: EPS: JP¥101 (up from JP¥67.62 in 1Q 2022). Revenue: JP¥21.9b (up 39% from 1Q 2022). Net income: JP¥1.22b (up 50% from 1Q 2022). Profit margin: 5.6% (up from 5.2% in 1Q 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 11% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Aankondiging • Oct 09
The Monogatari Corporation to Report Q1, 2023 Results on Nov 09, 2022 The Monogatari Corporation announced that they will report Q1, 2023 results on Nov 09, 2022 Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥6,800, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 27x in the Hospitality industry in Japan. Total returns to shareholders of 40% over the past three years. Major Estimate Revision • Aug 17
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥84.8b to JP¥87.3b. EPS estimate increased from JP¥278 to JP¥316 per share. Net income forecast to grow 2.8% next year vs 2.6% decline forecast for Hospitality industry in Japan. Consensus price target broadly unchanged at JP¥8,167. Share price rose 15% to JP¥6,720 over the past week. Reported Earnings • Aug 12
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥309 (up from JP¥226 in FY 2021). Revenue: JP¥73.3b (up 14% from FY 2021). Net income: JP¥3.73b (up 37% from FY 2021). Profit margin: 5.1% (up from 4.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Over the next year, revenue is forecast to grow 19%, compared to a 38% growth forecast for the restaurants industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year. Aankondiging • Aug 10
The Monogatari Corporation, Annual General Meeting, Sep 27, 2022 The Monogatari Corporation, Annual General Meeting, Sep 27, 2022. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 29 September 2022. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (0.6%). Major Estimate Revision • May 17
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from JP¥330 to JP¥276 per share. Revenue forecast steady at JP¥72.7b. Net income forecast to grow 22% next year vs 3.2% growth forecast for Hospitality industry in Japan. Consensus price target down from JP¥8,500 to JP¥8,267. Share price was steady at JP¥5,220 over the past week. Reported Earnings • May 11
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: JP¥35.92 (down from JP¥40.52 in 3Q 2021). Revenue: JP¥18.4b (up 18% from 3Q 2021). Net income: JP¥434.0m (down 11% from 3Q 2021). Profit margin: 2.4% (down from 3.1% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 6.5%. Over the next year, revenue is forecast to grow 21%, compared to a 50% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Board Change • Apr 27
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. 6 experienced directors. 6 highly experienced directors. No independent directors (11 non-independent directors). Senior Executive Officer, Head of Internal Audit & Director Kozo Hosoi 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. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥5,810, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 27x in the Hospitality industry in Japan. Total returns to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥7,227 per share. Buying Opportunity • Mar 07
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be JP¥7,306, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% per annum over the last 3 years. Earnings per share has declined by 8.7% per annum over the last 3 years. Major Estimate Revision • Feb 26
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from JP¥288 to JP¥318. Revenue forecast steady at JP¥74.3b. Net income forecast to grow 44% next year vs 19% growth forecast for Hospitality industry in Japan. Consensus price target of JP¥8,967 unchanged from last update. Share price fell 2.1% to JP¥6,520 over the past week.