Aankondiging • Mar 02
Ryosan Company, Limited to Delist from Prime Section of Tokyo Stock Exchange, Effective March 28, 2024 Ryosan Company, Limited will be delisted from prime section of Tokyo Stock Exchange effective from March 28, 2024. Delisting is due to Becoming a wholly owned subsidiary of Ryoyo Ryosan Holdings Inc. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥39.25 (vs JP¥102 in 3Q 2023) Third quarter 2024 results: EPS: JP¥39.25 (down from JP¥102 in 3Q 2023). Revenue: JP¥66.8b (down 12% from 3Q 2023). Net income: JP¥920.0m (down 62% from 3Q 2023). Profit margin: 1.4% (down from 3.1% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 28% per year. Aankondiging • Jan 13
Ryosan Company, Limited to Report Q3, 2024 Results on Jan 30, 2024 Ryosan Company, Limited announced that they will report Q3, 2024 results on Jan 30, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥89.38 (vs JP¥162 in 2Q 2023) Second quarter 2024 results: EPS: JP¥89.38 (down from JP¥162 in 2Q 2023). Revenue: JP¥76.6b (down 20% from 2Q 2023). Net income: JP¥2.10b (down 45% from 2Q 2023). Profit margin: 2.7% (down from 4.0% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 35% per year. Aankondiging • Sep 30
Ryosan Company, Limited to Report Q2, 2024 Results on Oct 31, 2023 Ryosan Company, Limited announced that they will report Q2, 2024 results on Oct 31, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥50.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 29 November 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%). New Risk • Sep 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% 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 11% 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 01
First quarter 2024 earnings released: EPS: JP¥56.66 (vs JP¥29.03 in 1Q 2023) First quarter 2024 results: EPS: JP¥56.66 (up from JP¥29.03 in 1Q 2023). Revenue: JP¥70.9b (down 2.5% from 1Q 2023). Net income: JP¥1.33b (up 95% from 1Q 2023). Profit margin: 1.9% (up from 0.9% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Aankondiging • May 17
Ryosan Company, Limited, Annual General Meeting, Jun 28, 2023 Ryosan Company, Limited, Annual General Meeting, Jun 28, 2023. Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥394 (vs JP¥229 in FY 2022) Full year 2023 results: EPS: JP¥394 (up from JP¥229 in FY 2022). Revenue: JP¥325.7b (up 19% from FY 2022). Net income: JP¥9.22b (up 72% from FY 2022). Profit margin: 2.8% (up from 2.0% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥75.00 per share at 4.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 08 June 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Jan 31
Third quarter 2023 earnings released: EPS: JP¥102 (vs JP¥75.34 in 3Q 2022) Third quarter 2023 results: EPS: JP¥102 (up from JP¥75.34 in 3Q 2022). Revenue: JP¥76.2b (up 10% from 3Q 2022). Net income: JP¥2.39b (up 36% from 3Q 2022). Profit margin: 3.1% (up from 2.5% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 24
Ryosan Company, Limited to Report Q3, 2023 Results on Jan 30, 2023 Ryosan Company, Limited announced that they will report Q3, 2023 results on Jan 30, 2023 Reported Earnings • Nov 17
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: JP¥95.1b (up 51% from 2Q 2022). Net income: JP¥3.80b (up 191% from 2Q 2022). Profit margin: 4.0% (up from 2.1% in 2Q 2022). The increase in margin was driven by higher revenue. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥162 (vs JP¥55.75 in 2Q 2022) Second quarter 2023 results: EPS: JP¥162 (up from JP¥55.75 in 2Q 2022). Revenue: JP¥95.1b (up 51% from 2Q 2022). Net income: JP¥3.80b (up 191% from 2Q 2022). Profit margin: 4.0% (up from 2.1% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Aankondiging • Sep 28
Ryosan Company, Limited to Report Q2, 2023 Results on Oct 31, 2022 Ryosan Company, Limited announced that they will report Q2, 2023 results on Oct 31, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 08 December 2022. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥29.03 (vs JP¥68.42 in 1Q 2022) First quarter 2023 results: EPS: JP¥29.03 (down from JP¥68.42 in 1Q 2022). Revenue: JP¥72.7b (up 19% from 1Q 2022). Net income: JP¥680.0m (down 58% from 1Q 2022). Profit margin: 0.9% (down from 2.6% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Aankondiging • Jul 16
Ryosan Company, Limited to Report Q1, 2023 Results on Jul 29, 2023 Ryosan Company, Limited announced that they will report Q1, 2023 results on Jul 29, 2023 Aankondiging • May 18
Ryosan Company, Limited, Annual General Meeting, Jun 24, 2022 Ryosan Company, Limited, Annual General Meeting, Jun 24, 2022. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥229 (vs JP¥196 in FY 2021) Full year 2022 results: EPS: JP¥229 (up from JP¥196 in FY 2021). Revenue: JP¥272.6b (up 24% from FY 2021). Net income: JP¥5.36b (up 17% from FY 2021). Profit margin: 2.0% (down from 2.1% 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 62% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Outside Director Fumiaki Sato was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Apr 08
Ryosan Company, Limited to Report Fiscal Year 2022 Results on May 13, 2022 Ryosan Company, Limited announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 09 June 2022. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 6.1%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%). Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥75.33 (up from JP¥70.90 in 3Q 2021). Revenue: JP¥69.2b (up 13% from 3Q 2021). Net income: JP¥1.77b (up 6.3% from 3Q 2021). Profit margin: 2.5% (down from 2.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS JP¥55.74 (vs JP¥42.73 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥62.9b (up 17% from 2Q 2021). Net income: JP¥1.31b (up 31% from 2Q 2021). Profit margin: 2.1% (up from 1.9% 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 37% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Board Change • Nov 04
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Outside Director Fumiaki Sato was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 27 November 2021. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.0%). Reported Earnings • Aug 03
First quarter 2022 earnings released: EPS JP¥68.42 (vs JP¥20.66 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥61.3b (up 41% from 1Q 2021). Net income: JP¥1.60b (up 231% from 1Q 2021). Profit margin: 2.6% (up from 1.1% in 1Q 2021). 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 fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥196 (vs JP¥50.92 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥219.9b (down 3.3% from FY 2020). Net income: JP¥4.59b (up 284% from FY 2020). Profit margin: 2.1% (up from 0.5% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 10 June 2021. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%). Is New 90 Day High Low • Mar 16
New 90-day high: JP¥2,450 The company is up 29% from a price of JP¥1,900 on 16 December 2020. Outperformed the Japanese market which is up 10.0% over the last 90 days. Exceeded the Electronic industry, which is up 5.0% over the same period. Reported Earnings • Feb 17
Third quarter 2021 earnings released: EPS JP¥70.90 (vs JP¥24.63 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥61.3b (up 5.7% from 3Q 2020). Net income: JP¥1.66b (up 188% from 3Q 2020). Profit margin: 2.7% (up from 1.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Jan 28
Third quarter 2021 earnings released: EPS JP¥70.90 (vs JP¥24.63 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥61.3b (up 5.7% from 3Q 2020). Net income: JP¥1.66b (up 188% from 3Q 2020). Profit margin: 2.7% (up from 1.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 25
New 90-day high: JP¥2,084 The company is up 4.0% from its price of JP¥1,999 on 27 October 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 22% over the same period. Aankondiging • Dec 19
Ryosan Company, Limited to Report Q3, 2021 Results on Jan 26, 2021 Ryosan Company, Limited announced that they will report Q3, 2021 results on Jan 26, 2021 Aankondiging • Sep 03
Ryosan Company, Limited to Report Q2, 2021 Results on Oct 29, 2020 Ryosan Company, Limited announced that they will report Q2, 2021 results on Oct 29, 2020 Aankondiging • Jun 29
Ryosan Company, Limited to Report Q1, 2021 Results on Jul 31, 2020 Ryosan Company, Limited announced that they will report Q1, 2021 results on Jul 31, 2020