Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥569, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Packaging industry in Asia. Total returns to shareholders of 60% over the past three years. Reported Earnings • Feb 16
First quarter 2026 earnings released: EPS: JP¥17.19 (vs JP¥14.60 in 1Q 2025) First quarter 2026 results: EPS: JP¥17.19 (up from JP¥14.60 in 1Q 2025). Revenue: JP¥4.34b (up 44% from 1Q 2025). Net income: JP¥181.0m (up 16% from 1Q 2025). Profit margin: 4.2% (down from 5.2% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Dec 25
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥41.14 (up from JP¥31.93 in FY 2024). Revenue: JP¥13.7b (up 53% from FY 2024). Net income: JP¥437.0m (up 28% from FY 2024). Profit margin: 3.2% (down from 3.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.6%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Aankondiging • Nov 29
cotta CO.,LTD to Report Q1, 2026 Results on Feb 13, 2026 cotta CO.,LTD announced that they will report Q1, 2026 results on Feb 13, 2026 Aankondiging • Nov 17
cotta CO.,LTD, Annual General Meeting, Dec 20, 2025 cotta CO.,LTD, Annual General Meeting, Dec 20, 2025. New Risk • Oct 10
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 5.2% 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 Share price has been volatile over the past 3 months (5.2% average weekly change). Market cap is less than US$100m (JP¥5.58b market cap, or US$36.5m). Upcoming Dividend • Sep 22
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 23 December 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.0%). Aankondiging • Sep 01
cotta CO.,LTD to Report Fiscal Year 2025 Results on Nov 14, 2025 cotta CO.,LTD announced that they will report fiscal year 2025 results on Nov 14, 2025 Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥590, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Packaging industry in Asia. Total returns to shareholders of 31% over the past three years. Reported Earnings • Aug 14
Third quarter 2025 earnings released: EPS: JP¥10.36 (vs JP¥1.03 in 3Q 2024) Third quarter 2025 results: EPS: JP¥10.36 (up from JP¥1.03 in 3Q 2024). Revenue: JP¥3.48b (up 78% from 3Q 2024). Net income: JP¥110.0m (up JP¥99.0m from 3Q 2024). Profit margin: 3.2% (up from 0.6% in 3Q 2024). 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 9.4% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Aankondiging • May 31
cotta CO.,LTD to Report Q3, 2025 Results on Aug 12, 2025 cotta CO.,LTD announced that they will report Q3, 2025 results on Aug 12, 2025 Reported Earnings • May 21
Second quarter 2025 earnings released: EPS: JP¥18.26 (vs JP¥15.82 in 2Q 2024) Second quarter 2025 results: EPS: JP¥18.26 (up from JP¥15.82 in 2Q 2024). Revenue: JP¥3.88b (up 63% from 2Q 2024). Net income: JP¥195.0m (up 15% from 2Q 2024). Profit margin: 5.0% (down from 7.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Packaging industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year. Aankondiging • Apr 09
cotta CO.,LTD (TSE:3359) announces an Equity Buyback for 600,000 shares, representing 5.54% for ¥200 million. cotta CO.,LTD (TSE:3359) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 5.54% of its issued share capital (excluding treasury stock) for ¥200 million. The purpose of the program is to return profits to shareholders, improve capital efficiency, and manage capital flexibly in response to future changes in the business environment. The program will run until August 31, 2025. As of March 31, 2025, the company had 10,833,649 shares in issue (excluding treasury stock) and 389,864 shares in treasury. New Risk • Apr 07
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 6.7% 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: Major Risk Debt is not well covered by operating cash flow (6.6% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (3.3% net profit margin). Market cap is less than US$100m (JP¥3.23b market cap, or US$22.1m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥311, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Packaging industry in Japan. Total loss to shareholders of 37% over the past three years. Aankondiging • Mar 01
cotta CO.,LTD to Report Q2, 2025 Results on May 15, 2025 cotta CO.,LTD announced that they will report Q2, 2025 results on May 15, 2025 Reported Earnings • Feb 17
First quarter 2025 earnings released: EPS: JP¥14.60 (vs JP¥18.45 in 1Q 2024) First quarter 2025 results: EPS: JP¥14.60 (down from JP¥18.45 in 1Q 2024). Revenue: JP¥3.01b (up 8.0% from 1Q 2024). Net income: JP¥156.0m (down 21% from 1Q 2024). Profit margin: 5.2% (down from 7.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Packaging industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year. New Risk • Feb 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 5.0% 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 Share price has been volatile over the past 3 months (5.0% average weekly change). Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (JP¥5.32b market cap, or US$34.3m). Reported Earnings • Dec 28
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥31.93 (down from JP¥53.87 in FY 2023). Revenue: JP¥8.95b (up 3.9% from FY 2023). Net income: JP¥341.0m (down 40% from FY 2023). Profit margin: 3.8% (down from 6.6% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Packaging industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. New Risk • Dec 24
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 5.1% 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 Share price has been volatile over the past 3 months (5.1% average weekly change). Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (JP¥4.45b market cap, or US$28.3m). Aankondiging • Nov 30
cotta CO.,LTD to Report Q1, 2025 Results on Feb 14, 2025 cotta CO.,LTD announced that they will report Q1, 2025 results on Feb 14, 2025 New Risk • Nov 26
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.8% Last year net profit margin: 6.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (JP¥4.34b market cap, or US$28.1m). Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥404, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Packaging industry in Japan. Total loss to shareholders of 31% over the past three years. Aankondiging • Nov 16
cotta CO.,LTD announced that it expects to receive ¥0.612 million in funding from Long Corridor Asset Management Limited cotta CO.,LTD announced a private placement to issue 6,000 8th Stock Acquisition Rights at issue price of ¥100 per stock acquisition right for gross proceeds of ¥600,000 on November 14, 2024. The initial exercise price of stock acquisition right will be ¥900 for a exercise period of three years from December 3, 2024 to December 2, 2027. On the same date, the company to issue 12,000 9th Stock Acquisition Rights at issue price of ¥1 per stock acquisition right for gross proceeds of ¥12,000. The initial exercise price of stock acquisition right will be ¥1,200 for a exercise period of three years from December 3, 2024 to December 2, 2027. The transaction will happen through third party allocation. The issue date will be December 2, 2024. The transaction has been approved at board of director meeting of the company. The transaction includes participation from new investor, Long Corridor Alpha Opportunities Master Fund. Aankondiging • Nov 15
cotta CO.,LTD, Annual General Meeting, Dec 21, 2024 cotta CO.,LTD, Annual General Meeting, Dec 21, 2024. Aankondiging • Sep 27
cotta CO.,LTD (TSE:3359) agreed to acquire 66.70% stake in TERAZ Inc. cotta CO.,LTD (TSE:3359) agreed to acquire 66.70% stake in TERAZ Inc. on September 26, 2024. For the period ended September 30, 2023 TERAZ Inc. reported turnover of ¥830 million operating profit of ¥42 million. The transaction has been approved by the board of Cotta Co., Ltd and is expected to complete on October 1, 2024. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 25 December 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.1%). Aankondiging • Aug 29
cotta CO.,LTD to Report Fiscal Year 2024 Results on Nov 14, 2024 cotta CO.,LTD announced that they will report fiscal year 2024 results on Nov 14, 2024 New Risk • Aug 05
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 6.2% 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 (6.2% average weekly change). Market cap is less than US$100m (JP¥3.55b market cap, or US$24.9m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥332, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Packaging industry in Asia. Total loss to shareholders of 44% over the past three years. Aankondiging • May 25
cotta CO.,LTD to Report Q3, 2024 Results on Aug 09, 2024 cotta CO.,LTD announced that they will report Q3, 2024 results on Aug 09, 2024 Reported Earnings • May 21
Second quarter 2024 earnings released: EPS: JP¥15.82 (vs JP¥20.90 in 2Q 2023) Second quarter 2024 results: EPS: JP¥15.82 (down from JP¥20.90 in 2Q 2023). Revenue: JP¥2.39b (up 1.7% from 2Q 2023). Net income: JP¥169.0m (down 24% from 2Q 2023). Profit margin: 7.1% (down from 9.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Aankondiging • Feb 24
cotta CO.,LTD to Report Q2, 2024 Results on May 15, 2024 cotta CO.,LTD announced that they will report Q2, 2024 results on May 15, 2024 Reported Earnings • Feb 17
First quarter 2024 earnings released: EPS: JP¥18.45 (vs JP¥19.68 in 1Q 2023) First quarter 2024 results: EPS: JP¥18.45 (down from JP¥19.68 in 1Q 2023). Revenue: JP¥2.79b (up 7.0% from 1Q 2023). Net income: JP¥197.0m (down 5.3% from 1Q 2023). Profit margin: 7.1% (down from 8.0% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Feb 15
Now 23% undervalued Over the last 90 days, the stock has risen 11% to JP¥507. The fair value is estimated to be JP¥660, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 18% in the next 2 years. Aankondiging • Nov 26
cotta CO.,LTD to Report Q1, 2024 Results on Feb 14, 2024 cotta CO.,LTD announced that they will report Q1, 2024 results on Feb 14, 2024 Buying Opportunity • Nov 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 8.4%. The fair value is estimated to be JP¥577, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 18% in the next 2 years. Reported Earnings • Nov 20
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: JP¥53.87 (up from JP¥37.74 in FY 2022). Revenue: JP¥8.62b (down 2.6% from FY 2022). Net income: JP¥570.0m (up 43% from FY 2022). Profit margin: 6.6% (up from 4.5% in FY 2022). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Packaging 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 fallen by 20% per year, which means it is significantly lagging earnings. Aankondiging • Nov 17
cotta CO.,LTD, Annual General Meeting, Dec 23, 2023 cotta CO.,LTD, Annual General Meeting, Dec 23, 2023. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥8.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 26 December 2023. Payout ratio is a comfortable 7.8% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.7%). Aankondiging • Sep 02
cotta CO.,LTD to Report Fiscal Year 2023 Results on Nov 14, 2023 cotta CO.,LTD announced that they will report fiscal year 2023 results on Nov 14, 2023 Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥487, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Packaging industry in Japan. Total loss to shareholders of 46% over the past three years. Reported Earnings • Aug 17
Third quarter 2023 earnings released: EPS: JP¥9.27 (vs JP¥8.52 in 3Q 2022) Third quarter 2023 results: EPS: JP¥9.27 (up from JP¥8.52 in 3Q 2022). Revenue: JP¥1.89b (down 1.7% from 3Q 2022). Net income: JP¥98.0m (up 8.9% from 3Q 2022). Profit margin: 5.2% (up from 4.7% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Packaging industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Aankondiging • May 29
cotta CO.,LTD to Report Q3, 2023 Results on Aug 14, 2023 cotta CO.,LTD announced that they will report Q3, 2023 results on Aug 14, 2023 Reported Earnings • May 21
Second quarter 2023 earnings released: EPS: JP¥20.90 (vs JP¥13.06 in 2Q 2022) Second quarter 2023 results: EPS: JP¥20.90 (up from JP¥13.06 in 2Q 2022). Revenue: JP¥2.35b (down 2.3% from 2Q 2022). Net income: JP¥221.0m (up 60% from 2Q 2022). Profit margin: 9.4% (up from 5.8% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Packaging 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 remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥604, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Packaging industry in Japan. Total returns to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥505, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Packaging industry in Japan. Total returns to shareholders of 76% over the past three years. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥389, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Packaging industry in Japan. Negligible returns to shareholders over past three years. Reported Earnings • Feb 16
First quarter 2023 earnings released: EPS: JP¥19.68 (vs JP¥14.55 in 1Q 2022) First quarter 2023 results: EPS: JP¥19.68 (up from JP¥14.55 in 1Q 2022). Revenue: JP¥2.60b (down 4.2% from 1Q 2022). Net income: JP¥208.0m (up 35% from 1Q 2022). Profit margin: 8.0% (up from 5.7% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Packaging 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 fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 28
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: JP¥37.74 (up from JP¥29.69 in FY 2021). Revenue: JP¥8.84b (down 4.5% from FY 2021). Net income: JP¥399.0m (up 23% from FY 2021). Profit margin: 4.5% (up from 3.5% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 9.1%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Packaging 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 fallen by 5% per year, which means it is significantly lagging earnings. Aankondiging • Dec 11
cotta CO.,LTD to Report Q1, 2023 Results on Feb 14, 2023 cotta CO.,LTD announced that they will report Q1, 2023 results on Feb 14, 2023 Reported Earnings • Nov 17
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: JP¥37.74 (up from JP¥29.69 in FY 2021). Revenue: JP¥8.84b (down 4.5% from FY 2021). Net income: JP¥399.0m (up 23% from FY 2021). Profit margin: 4.5% (up from 3.5% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 9.1%. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Packaging 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 only increased by 6% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 16
cotta CO.,LTD, Annual General Meeting, Dec 24, 2022 cotta CO.,LTD, Annual General Meeting, Dec 24, 2022. 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. 4 experienced directors. 6 highly experienced directors. No independent directors (10 non-independent directors). Director Shuji Eto was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Aankondiging • Sep 23
cotta CO.,LTD to Report Fiscal Year 2022 Results on Nov 14, 2022 cotta CO.,LTD announced that they will report fiscal year 2022 results on Nov 14, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥4.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 27 December 2022. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.1%). Reported Earnings • Aug 15
Third quarter 2022 earnings released: EPS: JP¥8.52 (vs JP¥8.78 in 3Q 2021) Third quarter 2022 results: EPS: JP¥8.52 (down from JP¥8.78 in 3Q 2021). Revenue: JP¥1.93b (down 8.5% from 3Q 2021). Net income: JP¥90.0m (down 6.2% from 3Q 2021). Profit margin: 4.7% (up from 4.6% in 3Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 18%, compared to a 8.7% growth forecast for the Packaging industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 16% per year. Reported Earnings • May 19
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2022 results: EPS: JP¥13.06 (up from JP¥10.97 in 2Q 2021). Revenue: JP¥2.40b (down 7.2% from 2Q 2021). Net income: JP¥138.0m (up 15% from 2Q 2021). Profit margin: 5.8% (up from 4.6% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) exceeded analyst estimates by 8.6%. Over the next year, revenue is forecast to grow 15%, compared to a 6.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. 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. 4 experienced directors. 6 highly experienced directors. No independent directors (10 non-independent directors). Director Shuji Eto was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Aankondiging • Apr 08
cotta CO.,LTD to Report Q2, 2022 Results on May 13, 2022 cotta CO.,LTD announced that they will report Q2, 2022 results on May 13, 2022 Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥501, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Packaging industry in Japan. Total returns to shareholders of 18% over the past three years. Reported Earnings • Nov 16
Full year 2021 earnings released: EPS JP¥29.69 (vs JP¥24.18 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥9.26b (up 18% from FY 2020). Net income: JP¥324.0m (up 23% from FY 2020). Profit margin: 3.5% (up from 3.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥4.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 28 December 2021. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (2.2%). Reported Earnings • Aug 18
Third quarter 2021 earnings released: EPS JP¥8.78 (vs JP¥14.90 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥2.10b (down 7.1% from 3Q 2020). Net income: JP¥96.0m (down 41% from 3Q 2020). Profit margin: 4.6% (down from 7.1% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year. Aankondiging • May 18
cotta CO.,LTD (TSE:3359) announces an Equity Buyback for 400,000 shares, representing 3.6% for ¥300 million. cotta CO.,LTD (TSE:3359) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 3.6% of its issued share capital (excluding treasury stock), at ¥750 per share, for ¥300 million. The purpose of the program is to return profits to shareholders, to improve capital efficiency and to implement an agile capital policies in response to future changes in the business environment. The program will run until October 31, 2021. As of February 17, 2021, the company had 11,105,987 shares in issue (excluding treasury stock) and 526 shares in treasury. Reported Earnings • May 17
Second quarter 2021 earnings released: EPS JP¥10.97 (vs JP¥9.02 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: JP¥2.59b (up 41% from 2Q 2020). Net income: JP¥120.0m (up 22% from 2Q 2020). Profit margin: 4.6% (down from 5.3% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year. Aankondiging • Feb 28
cotta CO.,LTD to Report Q2, 2021 Results on May 14, 2021 cotta CO.,LTD announced that they will report Q2, 2021 results on May 14, 2021 Is New 90 Day High Low • Feb 26
New 90-day low: JP¥734 The company is down 21% from its price of JP¥925 on 27 November 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 8.0% over the same period. Reported Earnings • Feb 14
First quarter 2021 earnings released: EPS JP¥13.45 (vs JP¥5.80 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥2.59b (up 38% from 1Q 2020). Net income: JP¥147.0m (up 133% from 1Q 2020). Profit margin: 5.7% (up from 3.4% in 1Q 2020). The increase in margin was driven by higher revenue. 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 21% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 14
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 7.9%. Earnings per share (EPS) also surpassed analyst estimates by 75%. Over the next year, revenue is forecast to grow 9.3%, compared to a 3.3% growth forecast for the Packaging industry in Japan. Is New 90 Day High Low • Dec 18
New 90-day low: JP¥774 The company is down 23% from its price of JP¥1,003 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 01
New 90-day low: JP¥874 The company is down 17% from its price of JP¥1,056 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is down 1.0% over the same period. Aankondiging • Nov 29
cotta CO.,LTD to Report Q1, 2021 Results on Feb 12, 2021 cotta CO.,LTD announced that they will report Q1, 2021 results on Feb 12, 2021 Aankondiging • Nov 15
cotta CO.,LTD, Annual General Meeting, Dec 26, 2020 cotta CO.,LTD, Annual General Meeting, Dec 26, 2020. Aankondiging • Sep 06
cotta CO.,LTD to Report Fiscal Year 2020 Results on Nov 13, 2020 cotta CO.,LTD announced that they will report fiscal year 2020 results on Nov 13, 2020 Aankondiging • Jun 28
cotta CO.,LTD to Report Q3, 2020 Results on Aug 12, 2020 cotta CO.,LTD announced that they will report Q3, 2020 results on Aug 12, 2020