New Risk • Aug 06
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.5% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 06
First quarter 2027 earnings released: EPS: JP¥71.62 (vs JP¥30.42 in 1Q 2026) First quarter 2027 results: EPS: JP¥71.62 (up from JP¥30.42 in 1Q 2026). Revenue: JP¥201.5b (up 9.9% from 1Q 2026). Net income: JP¥7.57b (up 137% from 1Q 2026). Profit margin: 3.8% (up from 1.7% in 1Q 2026). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 20% per year. Declared Dividend • Jul 25
Final dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 29th September 2026 Payment date: 1st December 2026 Dividend yield will be 2.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jun 11
EDION Corporation to Report Q1, 2027 Results on Aug 05, 2026 EDION Corporation announced that they will report Q1, 2027 results on Aug 05, 2026 Aankondiging • Jun 06
Yamada Holdings Co., Ltd. (TSE:9831) signed a letter of intent to acquire EDION Corporation (TSE:2730). Yamada Holdings Co., Ltd. (TSE:9831) signed a letter of intent to acquire EDION Corporation (TSE:2730) on June 5, 2026. They plan to establish a holding company and become wholly owned subsidiaries of the new entity. Edion Chairman Masataka Kubo is set to become president of the holding company, while Yamada Holdings Chairman Noboru Yamada will become chairman. Aankondiging • Jun 05
Yamada Holdings and Edion in Merger Talks, Potentially Creating a JPY 2.5 Trillion Electronics Retail Giant The Japanese consumer electronics retail industry has been rocked by seismic news. It emerged on June 4 that Yamada Holdings Co., Ltd. (TSE:9831), the industry's largest player, and EDION Corporation (TSE:2730), which holds a strong base in western Japan, are advancing merger discussions. Both companies are expected to formally vote on the matter at board meetings on June 5. If realized, the combination would create a colossal electronics retail group with combined revenue reaching approximately JPY 2.5 trillion (approximately $15.6 billion). The merger plan was first reported by the Nikkei on June 4. According to the newspaper, the two companies are primarily considering establishing a holding company under which both Yamada Holdings and Edion would operate. A basic agreement is highly likely to be reached within the week. Behind this merger move lies the harsh business environment surrounding consumer electronics retailers. Competition has intensified year after year, driven by the rise of e-commerce platforms like Amazon, as well as successive market entries from cross-industry players such as large furniture stores like Nitori and major supermarket chains like Aeon. By merging, the two companies aim to expand scale, strengthen product development and procurement capabilities, and ultimately enhance price competitiveness. Following the report, Yamada Holdings issued a statement the same day acknowledging that "a business integration with Edion is under consideration, but no specific matters have been decided at this time." The company confirmed that a resolution is scheduled at the board meeting on June 5, adding that "should any facts requiring disclosure arise, we will promptly disclose them." Edion similarly acknowledged the fact that a merger is under consideration. Market participants have noted that while details such as the merger ratio remain undetermined, there is relatively greater room for a premium on Edion's side. Edion's share price surge can be seen as reflecting such speculation. Restructuring moves have been intermittently rumored in the consumer electronics retail industry in recent years, but this plan — bringing together the industry leader and a major player — carries the greatest impact among them. If the merger materializes, the potential synergies are immense, including dramatically improved purchasing negotiation power, logistics network efficiency gains, and joint private brand development. On the other hand, significant challenges remain, including antitrust reviews, overlapping store adjustments, and corporate culture integration, making the progress of future discussions a key focus. Live-nieuws • Jun 04
EDION in Early Stage Talks on Possible Yamada Holdings Business Integration EDION confirmed that it is in talks regarding a possible business integration with Yamada Holdings, one of Japan’s large electronics retailers.
The company stated that no concrete decision or agreement has been reached and that discussions remain at an early stage.
EDION said any decisions taken at its upcoming board meeting on this matter will be promptly disclosed, underscoring a cautious and incremental approach to potential consolidation.
The key point is that this is still only a possibility, not a finalized integration, so expectations around store networks, costs, or product offerings remain speculative at this stage.
A clear risk is that prolonged talks without a conclusion, or a final decision not to proceed, could shift how the market views EDION’s longer-term positioning in Japan’s electronics retail sector. Reported Earnings • May 12
Full year 2026 earnings: Revenues and EPS in line with analyst expectations Full year 2026 results: EPS: JP¥146 (up from JP¥134 in FY 2025). Revenue: JP¥793.7b (up 3.3% from FY 2025). Net income: JP¥15.5b (up 9.5% from FY 2025). Profit margin: 1.9% (up from 1.8% in FY 2025). 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 2.1% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 15% per year. Aankondiging • May 11
EDION Corporation, Annual General Meeting, Jun 26, 2026 EDION Corporation, Annual General Meeting, Jun 26, 2026. Aankondiging • Apr 04
EDION Corporation to Report Fiscal Year 2026 Results on May 11, 2026 EDION Corporation announced that they will report fiscal year 2026 results on May 11, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.4%). Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥29.17 (vs JP¥20.96 in 3Q 2025) Third quarter 2026 results: EPS: JP¥29.17 (up from JP¥20.96 in 3Q 2025). Revenue: JP¥200.2b (up 4.2% from 3Q 2025). Net income: JP¥3.08b (up 40% from 3Q 2025). Profit margin: 1.5% (up from 1.2% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jan 20
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 5.4% to JP¥2,172. The fair value is estimated to be JP¥1,808, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has grown by 5.3%. Revenue is forecast to grow by 5.3% in 2 years. Earnings are forecast to grow by 16% in the next 2 years. Aankondiging • Dec 23
EDION Corporation to Report Q3, 2026 Results on Feb 06, 2026 EDION Corporation announced that they will report Q3, 2026 results on Feb 06, 2026 Declared Dividend • Dec 02
First half dividend of JP¥24.00 announced Shareholders will receive a dividend of JP¥24.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 2.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥58.06 (vs JP¥73.58 in 2Q 2025) Second quarter 2026 results: EPS: JP¥58.06 (down from JP¥73.58 in 2Q 2025). Revenue: JP¥202.3b (down 1.8% from 2Q 2025). Net income: JP¥6.13b (down 21% from 2Q 2025). Profit margin: 3.0% (down from 3.8% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Aankondiging • Sep 11
EDION Corporation to Report Q2, 2026 Results on Nov 06, 2025 EDION Corporation announced that they will report Q2, 2026 results on Nov 06, 2025 Buy Or Sell Opportunity • Sep 10
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 8.4% to JP¥2,149. The fair value is estimated to be JP¥1,789, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 4.3% in 2 years. Earnings are forecast to grow by 2.7% in the next 2 years. Major Estimate Revision • Aug 12
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥765.0b to JP¥789.0b. EPS estimate increased from JP¥124 to JP¥140 per share. Net income forecast to shrink 0.8% next year vs 11% growth forecast for Specialty Retail industry in Japan . Consensus price target up from JP¥1,650 to JP¥1,900. Share price was steady at JP¥1,999 over the past week. Reported Earnings • Aug 07
First quarter 2026 earnings released: EPS: JP¥30.42 (vs JP¥21.70 in 1Q 2025) First quarter 2026 results: EPS: JP¥30.42 (up from JP¥21.70 in 1Q 2025). Revenue: JP¥183.4b (up 5.1% from 1Q 2025). Net income: JP¥3.20b (up 40% from 1Q 2025). Profit margin: 1.7% (up from 1.3% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥23.00 announced Dividend of JP¥23.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 2.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 8.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 3.4% over the next 2 years. However, it would need to fall by 59% to increase the payout ratio to a potentially unsustainable range. Aankondiging • Jun 11
EDION Corporation to Report Q1, 2026 Results on Aug 05, 2025 EDION Corporation announced that they will report Q1, 2026 results on Aug 05, 2025 Reported Earnings • May 10
Full year 2025 earnings released: EPS: JP¥134 (vs JP¥90.07 in FY 2024) Full year 2025 results: EPS: JP¥134 (up from JP¥90.07 in FY 2024). Revenue: JP¥768.1b (up 6.5% from FY 2024). Net income: JP¥14.1b (up 56% from FY 2024). Profit margin: 1.8% (up from 1.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Aankondiging • May 09
EDION Corporation, Annual General Meeting, Jun 27, 2025 EDION Corporation, Annual General Meeting, Jun 27, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%). Aankondiging • Mar 18
EDION Corporation to Report Fiscal Year 2025 Results on May 09, 2025 EDION Corporation announced that they will report fiscal year 2025 results on May 09, 2025 New Risk • Feb 14
New major risk - Revenue and earnings growth Earnings have declined by 5.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.5% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Feb 13
Third quarter 2025 earnings released: EPS: JP¥20.96 (vs JP¥8.32 in 3Q 2024) Third quarter 2025 results: EPS: JP¥20.96 (up from JP¥8.32 in 3Q 2024). Revenue: JP¥192.1b (up 3.8% from 3Q 2024). Net income: JP¥2.21b (up 165% from 3Q 2024). Profit margin: 1.2% (up from 0.5% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Aankondiging • Dec 11
EDION Corporation to Report Q3, 2025 Results on Feb 12, 2025 EDION Corporation announced that they will report Q3, 2025 results on Feb 12, 2025 Declared Dividend • Dec 03
First half dividend of JP¥23.00 announced Dividend of JP¥23.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 2.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Nov 05
New major risk - Revenue and earnings growth Earnings have declined by 6.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.3% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (6.2% increase in shares outstanding). Reported Earnings • Nov 04
Second quarter 2025 earnings released: EPS: JP¥73.58 (vs JP¥62.18 in 2Q 2024) Second quarter 2025 results: EPS: JP¥73.58 (up from JP¥62.18 in 2Q 2024). Revenue: JP¥206.0b (up 7.5% from 2Q 2024). Net income: JP¥7.75b (up 27% from 2Q 2024). Profit margin: 3.8% (up from 3.2% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Aankondiging • Sep 27
EDION Corporation to Report Q2, 2025 Results on Nov 01, 2024 EDION Corporation announced that they will report Q2, 2025 results on Nov 01, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Major Estimate Revision • Aug 09
Consensus EPS estimates increase by 35% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥732.0b to JP¥757.0b. EPS estimate increased from JP¥92.40 to JP¥125 per share. Net income forecast to grow 25% next year vs 12% growth forecast for Specialty Retail industry in Japan. Consensus price target up from JP¥1,350 to JP¥1,650. Share price was steady at JP¥1,785 over the past week. Price Target Changed • Aug 05
Price target increased by 27% to JP¥1,650 Up from JP¥1,300, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥1,662. Stock is up 13% over the past year. The company is forecast to post earnings per share of JP¥125 for next year compared to JP¥90.06 last year. Reported Earnings • Aug 04
First quarter 2025 earnings released: EPS: JP¥21.70 (vs JP¥11.10 in 1Q 2024) First quarter 2025 results: EPS: JP¥21.70 (up from JP¥11.10 in 1Q 2024). Revenue: JP¥174.5b (up 8.4% from 1Q 2024). Net income: JP¥2.28b (up 109% from 1Q 2024). Profit margin: 1.3% (up from 0.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 7.0% growth forecast for the Specialty Retail industry in Japan. 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 16% per year, which means it is well ahead of earnings. Aankondiging • Aug 02
EDION Corporation (TSE:2730) announces an Equity Buyback for 5,500,000 shares, representing 5.23% for ¥10,000 million. EDION Corporation (TSE:2730) announces a share repurchase program. Under the program, the company will repurchase 5,500,000 shares, representing 5.23% of the outstanding shares for ¥10,000 million. The purpose of the program is to improve capital efficiency, thereby increasing return of profits to shareholders and implementing a flexible capital policy. The program will run until July 31, 2025. As of June 30, 2024, the company had 105,076,349 shares outstanding and 6,929,287 shares in treasury. Buy Or Sell Opportunity • Jul 24
Now 20% undervalued Over the last 90 days, the stock has risen 10% to JP¥1,761. The fair value is estimated to be JP¥2,209, 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 declined by 13%. Revenue is forecast to grow by 3.3% in 2 years. Earnings are forecast to grow by 13% in the next 2 years. Declared Dividend • Jul 11
Final dividend of JP¥22.00 announced Dividend of JP¥22.00 is the same as last year. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 2.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 2.0% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jun 17
EDION Corporation to Report Q1, 2025 Results on Aug 02, 2024 EDION Corporation announced that they will report Q1, 2025 results on Aug 02, 2024 Reported Earnings • May 12
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥90.07 (down from JP¥112 in FY 2023). Revenue: JP¥721.1b (flat on FY 2023). Net income: JP¥9.02b (down 21% from FY 2023). Profit margin: 1.3% (down from 1.6% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.1%. Revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Aankondiging • May 12
EDION Corporation, Annual General Meeting, Jun 27, 2024 EDION Corporation, Annual General Meeting, Jun 27, 2024. Aankondiging • Mar 29
EDION Corporation to Report Fiscal Year 2024 Results on May 10, 2024 EDION Corporation announced that they will report fiscal year 2024 results on May 10, 2024 New Risk • Mar 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). High level of non-cash earnings (24% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Upcoming Dividend • Mar 21
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%). Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: JP¥8.32 (vs JP¥22.76 in 3Q 2023) Third quarter 2024 results: EPS: JP¥8.32 (down from JP¥22.76 in 3Q 2023). Revenue: JP¥185.0b (down 1.3% from 3Q 2023). Net income: JP¥835.0m (down 64% from 3Q 2023). Profit margin: 0.5% (down from 1.2% in 3Q 2023). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Japan. 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 15% per year, which means it is well ahead of earnings. New Risk • Feb 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Aankondiging • Dec 08
EDION Corporation to Report Q3, 2024 Results on Feb 02, 2024 EDION Corporation announced that they will report Q3, 2024 results on Feb 02, 2024 Reported Earnings • Nov 04
Second quarter 2024 earnings released: EPS: JP¥62.18 (vs JP¥47.87 in 2Q 2023) Second quarter 2024 results: EPS: JP¥62.18 (up from JP¥47.87 in 2Q 2023). Revenue: JP¥191.6b (up 2.9% from 2Q 2023). Net income: JP¥6.12b (up 25% from 2Q 2023). Profit margin: 3.2% (up from 2.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥22.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%). Aankondiging • Sep 15
EDION Corporation to Report Q2, 2024 Results on Nov 02, 2023 EDION Corporation announced that they will report Q2, 2024 results on Nov 02, 2023 Reported Earnings • Aug 03
First quarter 2024 earnings released: EPS: JP¥11.10 (vs JP¥21.22 in 1Q 2023) First quarter 2024 results: EPS: JP¥11.10 (down from JP¥21.22 in 1Q 2023). Revenue: JP¥160.9b (down 2.4% from 1Q 2023). Net income: JP¥1.09b (down 50% from 1Q 2023). Profit margin: 0.7% (down from 1.3% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Aankondiging • Jun 09
EDION Corporation to Report Q1, 2024 Results on Aug 02, 2023 EDION Corporation announced that they will report Q1, 2024 results on Aug 02, 2023 Reported Earnings • May 10
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥112 (down from JP¥125 in FY 2022). Revenue: JP¥720.6b (up 1.0% from FY 2022). Net income: JP¥11.4b (down 13% from FY 2022). Profit margin: 1.6% (down from 1.8% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.2%. Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Specialty Retail 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 13% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥22.00 per share at 3.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 18% 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 (1.5%). Reported Earnings • Feb 04
Third quarter 2023 earnings released: EPS: JP¥22.76 (vs JP¥22.14 in 3Q 2022) Third quarter 2023 results: EPS: JP¥22.76 (up from JP¥22.14 in 3Q 2022). Revenue: JP¥187.4b (up 4.1% from 3Q 2022). Net income: JP¥2.31b (up 1.4% from 3Q 2022). Profit margin: 1.2% (down from 1.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year. Aankondiging • Dec 21
EDION Corporation to Report Q3, 2023 Results on Feb 03, 2023 EDION Corporation announced that they will report Q3, 2023 results on Feb 03, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥47.87 (vs JP¥55.67 in 2Q 2022) Second quarter 2023 results: EPS: JP¥47.87 (down from JP¥55.67 in 2Q 2022). Revenue: JP¥186.3b (up 1.4% from 2Q 2022). Net income: JP¥4.90b (down 17% from 2Q 2022). Profit margin: 2.6% (down from 3.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year. Price Target Changed • Nov 16
Price target increased to JP¥1,150 Up from JP¥1,050, the current price target is provided by 1 analyst. New target price is 5.6% below last closing price of JP¥1,218. Stock is up 18% over the past year. The company is forecast to post earnings per share of JP¥117 for next year compared to JP¥125 last year. Reported Earnings • Nov 06
Second quarter 2023 earnings released: EPS: JP¥47.87 (vs JP¥55.67 in 2Q 2022) Second quarter 2023 results: EPS: JP¥47.87 (down from JP¥55.67 in 2Q 2022). Revenue: JP¥186.3b (up 1.4% from 2Q 2022). Net income: JP¥4.90b (down 17% from 2Q 2022). Profit margin: 2.6% (down from 3.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%). Major Estimate Revision • Aug 10
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate increased from JP¥103 to JP¥117. Revenue forecast steady at JP¥718.0b. Net income forecast to shrink 10% next year vs 3.6% growth forecast for Specialty Retail industry in Japan . Consensus price target of JP¥1,150 unchanged from last update. Share price rose 2.8% to JP¥1,209 over the past week. Reported Earnings • Aug 04
First quarter 2023 earnings released: EPS: JP¥21.22 (vs JP¥16.21 in 1Q 2022) First quarter 2023 results: EPS: JP¥21.22 (up from JP¥16.21 in 1Q 2022). Revenue: JP¥164.9b (flat on 1Q 2022). Net income: JP¥2.17b (up 25% from 1Q 2022). Profit margin: 1.3% (up from 1.1% in 1Q 2022). Over the next year, revenue is forecast to stay flat compared to a 7.8% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 7% per year. Board Change • Jul 31
High number of new directors Outside Audit & Supervisory Board Member Takashi Okinaka was the last director to join the board, commencing their role in 2022. Reported Earnings • May 11
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥125 (down from JP¥155 in FY 2021). Revenue: JP¥713.8b (down 7.1% from FY 2021). Net income: JP¥13.1b (down 21% from FY 2021). Profit margin: 1.8% (down from 2.2% in FY 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.6%. Over the next year, revenue is forecast to stay flat compared to a 7.4% growth forecast for the retail 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. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Yoshihiko Fukushima was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 38% but the company is paying out more than the cash it is generating. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 07
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: JP¥22.14 (down from JP¥40.08 in 3Q 2021). Revenue: JP¥180.0b (down 9.4% from 3Q 2021). Net income: JP¥2.28b (down 47% from 3Q 2021). Profit margin: 1.3% (down from 2.2% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Over the next year, revenue is forecast to grow 1.5%, compared to a 7.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS JP¥55.67 (vs JP¥68.60 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥183.7b (down 11% from 2Q 2021). Net income: JP¥5.87b (down 20% from 2Q 2021). Profit margin: 3.2% (down from 3.5% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS JP¥55.67 (vs JP¥68.60 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥183.7b (down 11% from 2Q 2021). Net income: JP¥5.87b (down 20% from 2Q 2021). Profit margin: 3.2% (down from 3.5% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.3%).