Aankondiging • Jun 29
WILL,Co.,Ltd. to Report Q2, 2026 Results on Aug 10, 2026 WILL,Co.,Ltd. announced that they will report Q2, 2026 results on Aug 10, 2026 Reported Earnings • May 19
First quarter 2026 earnings released: EPS: JP¥20.44 (vs JP¥8.57 in 1Q 2025) First quarter 2026 results: EPS: JP¥20.44 (up from JP¥8.57 in 1Q 2025). Revenue: JP¥4.14b (up 34% from 1Q 2025). Net income: JP¥236.0m (up 138% from 1Q 2025). Profit margin: 5.7% (up from 3.2% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 16% per year. Aankondiging • May 14
WILL,Co.,Ltd. to Report Q1, 2026 Results on May 14, 2026 WILL,Co.,Ltd. announced that they will report Q1, 2026 results on May 14, 2026 New Risk • Feb 16
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥6.69b market cap, or US$43.6m). Reported Earnings • Feb 14
Full year 2025 earnings released: EPS: JP¥57.50 (vs JP¥61.94 in FY 2024) Full year 2025 results: EPS: JP¥57.50 (down from JP¥61.94 in FY 2024). Revenue: JP¥14.9b (up 13% from FY 2024). Net income: JP¥664.0m (down 6.5% from FY 2024). Profit margin: 4.5% (down from 5.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Feb 12
WILL,Co.,Ltd., Annual General Meeting, Mar 27, 2026 WILL,Co.,Ltd., Annual General Meeting, Mar 27, 2026. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥19.50 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 31 March 2026. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: JP¥20.00 (vs JP¥14.91 in 3Q 2024) Third quarter 2025 results: EPS: JP¥20.00 (up from JP¥14.91 in 3Q 2024). Revenue: JP¥3.66b (up 20% from 3Q 2024). Net income: JP¥231.0m (up 35% from 3Q 2024). Profit margin: 6.3% (up from 5.6% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: JP¥20.18 (vs JP¥11.88 in 2Q 2024) Second quarter 2025 results: EPS: JP¥20.18 (up from JP¥11.88 in 2Q 2024). Revenue: JP¥3.38b (up 16% from 2Q 2024). Net income: JP¥233.0m (up 71% from 2Q 2024). Profit margin: 6.9% (up from 4.7% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 17
First quarter 2025 earnings released: EPS: JP¥8.57 (vs JP¥6.04 in 1Q 2024) First quarter 2025 results: EPS: JP¥8.57 (up from JP¥6.04 in 1Q 2024). Revenue: JP¥3.10b (up 20% from 1Q 2024). Net income: JP¥99.0m (up 44% from 1Q 2024). Profit margin: 3.2% (up from 2.7% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 15
Full year 2024 earnings released: EPS: JP¥61.94 (vs JP¥45.74 in FY 2023) Full year 2024 results: EPS: JP¥61.94 (up from JP¥45.74 in FY 2023). Revenue: JP¥13.2b (up 14% from FY 2023). Net income: JP¥710.0m (up 36% from FY 2023). Profit margin: 5.4% (up from 4.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Aankondiging • Feb 13
WILL,Co.,Ltd., Annual General Meeting, Mar 28, 2025 WILL,Co.,Ltd., Annual General Meeting, Mar 28, 2025. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥17.50 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 31 March 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.8%). Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: JP¥14.91 (vs JP¥6.94 in 3Q 2023) Third quarter 2024 results: EPS: JP¥14.91 (up from JP¥6.94 in 3Q 2023). Revenue: JP¥3.05b (up 16% from 3Q 2023). Net income: JP¥171.0m (up 117% from 3Q 2023). Profit margin: 5.6% (up from 3.0% in 3Q 2023). 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 7% per year, which means it is well ahead of earnings. Aankondiging • Sep 27
WILL,Co.,Ltd. to Report Q3, 2024 Results on Nov 12, 2024 WILL,Co.,Ltd. announced that they will report Q3, 2024 results on Nov 12, 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 5.8% 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 (13% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin). Market cap is less than US$100m (JP¥4.16b market cap, or US$29.2m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥363, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 11x in the Real Estate industry in Japan. Total returns to shareholders of 13% over the past three years. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: JP¥6.03 (vs JP¥6.24 in 1Q 2023) First quarter 2024 results: EPS: JP¥6.03 (down from JP¥6.24 in 1Q 2023). Revenue: JP¥2.59b (up 18% from 1Q 2023). Net income: JP¥69.0m (down 2.8% from 1Q 2023). Profit margin: 2.7% (down from 3.2% in 1Q 2023). 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 8% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Mar 05
WILL,Co.,Ltd. to Report Q1, 2024 Results on May 13, 2024 WILL,Co.,Ltd. announced that they will report Q1, 2024 results on May 13, 2024 Reported Earnings • Feb 15
Full year 2023 earnings released: EPS: JP¥45.74 (vs JP¥52.35 in FY 2022) Full year 2023 results: EPS: JP¥45.74 (down from JP¥52.35 in FY 2022). Revenue: JP¥11.6b (up 22% from FY 2022). Net income: JP¥521.0m (down 12% from FY 2022). Profit margin: 4.5% (down from 6.3% in FY 2022). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year. Aankondiging • Dec 28
WILL,Co.,Ltd. to Report Fiscal Year 2023 Results on Feb 13, 2024 WILL,Co.,Ltd. announced that they will report fiscal year 2023 results on Feb 13, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥20.00 per share at 3.3% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 29 March 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.6%). Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: JP¥6.94 (vs JP¥13.22 in 3Q 2022) Third quarter 2023 results: EPS: JP¥6.94 (down from JP¥13.22 in 3Q 2022). Revenue: JP¥2.64b (up 13% from 3Q 2022). Net income: JP¥79.0m (down 47% from 3Q 2022). Profit margin: 3.0% (down from 6.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥493, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 11x in the Real Estate industry in Japan. Total returns to shareholders of 64% over the past three years. Aankondiging • Sep 13
WILL,Co.,Ltd. to Report Q3, 2023 Results on Nov 13, 2023 WILL,Co.,Ltd. announced that they will report Q3, 2023 results on Nov 13, 2023 Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: JP¥14.86 (vs JP¥15.78 in 2Q 2022) Second quarter 2023 results: EPS: JP¥14.86 (down from JP¥15.78 in 2Q 2022). Revenue: JP¥2.78b (up 19% from 2Q 2022). Net income: JP¥169.0m (down 5.6% from 2Q 2022). Profit margin: 6.1% (down from 7.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 11% per year. Aankondiging • Jun 04
WILL,Co.,Ltd. to Report Q2, 2023 Results on Aug 08, 2023 WILL,Co.,Ltd. announced that they will report Q2, 2023 results on Aug 08, 2023 Reported Earnings • May 17
First quarter 2023 earnings released: EPS: JP¥6.24 (vs JP¥1.85 in 1Q 2022) First quarter 2023 results: EPS: JP¥6.24 (up from JP¥1.85 in 1Q 2022). Revenue: JP¥2.20b (up 35% from 1Q 2022). Net income: JP¥71.0m (up 238% from 1Q 2022). Profit margin: 3.2% (up from 1.3% in 1Q 2022). The increase in margin was driven by higher revenue. 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 14% per year. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: JP¥52.35 (vs JP¥50.86 in FY 2021) Full year 2022 results: EPS: JP¥52.35 (up from JP¥50.86 in FY 2021). Revenue: JP¥9.47b (up 9.1% from FY 2021). Net income: JP¥594.0m (up 2.9% from FY 2021). Profit margin: 6.3% (down from 6.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 18% per year. Reported Earnings • Feb 16
Full year 2022 earnings released: EPS: JP¥52.35 (vs JP¥50.86 in FY 2021) Full year 2022 results: EPS: JP¥52.35 (up from JP¥50.86 in FY 2021). Revenue: JP¥9.47b (up 9.1% from FY 2021). Net income: JP¥594.0m (up 2.9% from FY 2021). Profit margin: 6.3% (down from 6.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥15.50 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 30 March 2023. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.9%). Aankondiging • Dec 06
WILL,Co.,Ltd. to Report Fiscal Year 2022 Results on Feb 14, 2023 WILL,Co.,Ltd. announced that they will report fiscal year 2022 results on Feb 14, 2023 Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: JP¥13.22 (vs JP¥11.20 in 3Q 2021) Third quarter 2022 results: EPS: JP¥13.22 (up from JP¥11.20 in 3Q 2021). Revenue: JP¥2.35b (up 25% from 3Q 2021). Net income: JP¥150.0m (up 18% from 3Q 2021). Profit margin: 6.4% (down from 6.8% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. 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. 2 experienced directors. 8 highly experienced directors. No independent directors (7 non-independent directors). External Director Tetsuhisa Okuda was the last director to join the board, commencing their role in 2016. 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 13
Third quarter 2022 earnings released: EPS: JP¥13.22 (vs JP¥11.20 in 3Q 2021) Third quarter 2022 results: EPS: JP¥13.22 (up from JP¥11.20 in 3Q 2021). Revenue: JP¥2.35b (up 25% from 3Q 2021). Net income: JP¥150.0m (up 18% from 3Q 2021). Profit margin: 6.4% (down from 6.8% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Aankondiging • Aug 28
WILL,Co.,Ltd. to Report Q3, 2022 Results on Nov 11, 2022 WILL,Co.,Ltd. announced that they will report Q3, 2022 results on Nov 11, 2022 Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: JP¥15.78 (vs JP¥9.52 in 2Q 2021) Second quarter 2022 results: EPS: JP¥15.78 (up from JP¥9.52 in 2Q 2021). Revenue: JP¥2.34b (up 20% from 2Q 2021). Net income: JP¥179.0m (up 66% from 2Q 2021). Profit margin: 7.7% (up from 5.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Aankondiging • Jun 01
WILL,Co.,Ltd. to Report Q2, 2022 Results on Aug 12, 2022 WILL,Co.,Ltd. announced that they will report Q2, 2022 results on Aug 12, 2022 Reported Earnings • May 19
First quarter 2022 earnings released: EPS: JP¥1.85 (vs JP¥5.38 in 1Q 2021) First quarter 2022 results: EPS: JP¥1.85 (down from JP¥5.38 in 1Q 2021). Revenue: JP¥1.63b (up 50% from 1Q 2021). Net income: JP¥21.0m (down 66% from 1Q 2021). Profit margin: 1.3% (down from 5.6% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging 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. 2 experienced directors. 8 highly experienced directors. No independent directors (7 non-independent directors). External Director Tetsuhisa Okuda was the last director to join the board, commencing their role in 2016. 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
WILL,Co.,Ltd. to Report Q1, 2022 Results on May 13, 2022 WILL,Co.,Ltd. announced that they will report Q1, 2022 results on May 13, 2022 Aankondiging • Feb 16
WILL,Co.,Ltd., Annual General Meeting, Mar 29, 2022 WILL,Co.,Ltd., Annual General Meeting, Mar 29, 2022. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥14.50 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 31 March 2022. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS JP¥11.19 (vs JP¥9.96 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥1.87b (up 2.3% from 3Q 2020). Net income: JP¥127.0m (up 12% from 3Q 2020). Profit margin: 6.8% (up from 6.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS JP¥9.52 (vs JP¥7.05 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: JP¥1.96b (flat on 2Q 2020). Net income: JP¥108.0m (up 35% from 2Q 2020). Profit margin: 5.5% (up from 4.1% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
First quarter 2021 earnings released: EPS JP¥5.38 (vs JP¥0.26 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: JP¥1.09b (down 23% from 1Q 2020). Net income: JP¥61.0m (up JP¥58.0m from 1Q 2020). Profit margin: 5.6% (up from 0.2% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 04
Full year 2020 earnings released: EPS JP¥40.82 (vs JP¥38.70 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: JP¥7.96b (up 27% from FY 2019). Net income: JP¥463.0m (up 5.5% from FY 2019). Profit margin: 5.8% (down from 7.0% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Aankondiging • Mar 13
WILL,Co.,Ltd. to Report Q1, 2021 Results on May 14, 2021 WILL,Co.,Ltd. announced that they will report Q1, 2021 results on May 14, 2021 Reported Earnings • Feb 14
Full year 2020 earnings released: EPS JP¥40.81 (vs JP¥38.70 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: JP¥7.96b (up 27% from FY 2019). Net income: JP¥463.0m (up 5.5% from FY 2019). Profit margin: 5.8% (down from 7.0% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 03
New 90-day low: JP¥315 The company is down 8.0% from its price of JP¥344 on 05 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 9.0% over the same period. Aankondiging • Jan 20
Art Reform, K.K. acquired You Co., Ltd. from WILL,Co.,Ltd. (TSE:3241) for ¥150 million. Art Reform, K.K. acquired You Co., Ltd. from WILL,Co.,Ltd. (TSE:3241) for ¥150 million on January 18, 2021. As part of the consideration, Art Reform will acquire 4000 shares of You Co. On January 18, 2021, three directors and one corporate auditor of You Co retired from the company and their concurrent posts were dissolved.
Art Reform, K.K. completed the acquisition of You Co., Ltd. from WILL,Co.,Ltd. (TSE:3241) on January 18, 2021. Is New 90 Day High Low • Jan 18
New 90-day low: JP¥320 The company is down 8.0% from its price of JP¥349 on 20 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 29
New 90-day low: JP¥326 The company is down 4.0% from its price of JP¥341 on 30 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 Real Estate industry, which is up 6.0% over the same period. Aankondiging • Dec 05
WILL,Co.,Ltd. to Report Fiscal Year 2020 Results on Feb 12, 2021 WILL,Co.,Ltd. announced that they will report fiscal year 2020 results on Feb 12, 2021 Aankondiging • Sep 06
WILL,Co.,Ltd. to Report Q3, 2020 Results on Nov 12, 2020 WILL,Co.,Ltd. announced that they will report Q3, 2020 results on Nov 12, 2020 
