Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥285 (vs JP¥288 in FY 2025) Full year 2026 results: EPS: JP¥285 (down from JP¥288 in FY 2025). Revenue: JP¥339.6b (down 8.0% from FY 2025). Net income: JP¥15.4b (down 4.1% from FY 2025). Profit margin: 4.5% (up from 4.4% in FY 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Apr 04
Glory Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 Glory Ltd. announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 15, 2026 Announcement • Dec 26
Glory Ltd. to Report Q3, 2026 Results on Feb 06, 2026 Glory Ltd. announced that they will report Q3, 2026 results at 3:00 PM, Tokyo Standard Time on Feb 06, 2026 Announcement • Dec 05
Glory Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 Glory Ltd. announced that they will report fiscal year 2026 results on May 13, 2026 Announcement • Sep 27
Glory Ltd. to Report Q2, 2026 Results on Nov 10, 2025 Glory Ltd. announced that they will report Q2, 2026 results on Nov 10, 2025 Announcement • Jul 04
Glory Ltd. to Report Q1, 2026 Results on Aug 07, 2025 Glory Ltd. announced that they will report Q1, 2026 results at 3:00 PM, Tokyo Standard Time on Aug 07, 2025 Announcement • May 16
Glory Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2025 and for the Full Year Ending March 31, 2026 Glory Ltd. provided consolidated earnings guidance for the six months ending September 30, 2025 and for the full year ending March 31, 2026. For the six months, the company expects sales revenue to be JPY 156,000 million, Operating income of JPY 5,800 million, and net income attributable to owners of the parent of JPY 1,600 million and net income per share of JPY 28.68.
For the year, the company expects sales revenue to be JPY 340,000 million, Operating income of JPY 21,500 million, and net income attributable to owners of the parent of JPY 10,000 million and net income per share of JPY 179.24. Announcement • May 14
Glory Ltd. (TSE:6457) announces an Equity Buyback for 6,000,000 shares, representing 10.38% for ¥15,000 million. Glory Ltd. (TSE:6457) announces a share repurchase program. Under the program, the company will repurchase up to 6,000,000 shares, representing 10.38% of its share capital, for ¥15,000 million. The company will repurchase its shares as part of its shareholder returns policy in order to improve capital efficiency and implement a flexible capital policy. The repurchased shares will be cancelled. The share repurchase program will run until May 13, 2026. As of April 30, 2025, the company had 57,796,560 shares outstanding (excluding treasury shares) and 1,141,650 shares in treasury. Announcement • May 09
Eisai Co., Ltd. (TSE:4523) completed the acquisition of EcoNaviSta, Inc. (TSE:5585) from a group of shareholders. Eisai Co., Ltd. (TSE:4523) proposed to acquire EcoNaviSta, Inc. (TSE:5585) from a group of shareholders for ¥17 billion on March 14, 2025. As part of transaction ¥2190 per share is paid towards the common equity of EcoNaviSta, Inc. whereas ¥21,150 yen per Second Series Share Acquisition Right, ¥18,400 yen per Third Series Share Acquisition Right, ¥18,230 yen per Fourth Series Share Acquisition Right and ¥12,460 yen per Fifth Series Share Acquisition Right is paid. The transaction is subject to minimum tender. Nomura Securities Co., Ltd. acted as financial and TMI Associates acted as legal advisor to Eisai Co., Ltd. whereas Trustees Advisory K.K. acted as financial and City-Yuwa Partners acted as legal advisor to EcoNaviSta, Inc.
Eisai Co., Ltd. (TSE:4523) completed the acquisition of EcoNaviSta, Inc. (TSE:5585) from a group of shareholders on May 7, 2025. Announcement • Apr 03
Glory Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Glory Ltd. announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on May 13, 2025 Announcement • Jan 06
Glory Ltd. to Report Q3, 2025 Results on Feb 06, 2025 Glory Ltd. announced that they will report Q3, 2025 results at 3:00 PM, Tokyo Standard Time on Feb 06, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥29.34 (vs JP¥113 in 2Q 2024) Second quarter 2025 results: EPS: JP¥29.34 (down from JP¥113 in 2Q 2024). Revenue: JP¥92.3b (up 4.7% from 2Q 2024). Net income: JP¥1.64b (down 74% from 2Q 2024). Profit margin: 1.8% (down from 7.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Machinery industry in Germany are expected to grow by 4.5%. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Oct 08
Glory Ltd. to Report Q2, 2025 Results on Nov 07, 2024 Glory Ltd. announced that they will report Q2, 2025 results at 3:00 PM, Tokyo Standard Time on Nov 07, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥54.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.5%). Reported Earnings • Aug 08
First quarter 2025 earnings released: EPS: JP¥103 (vs JP¥36.06 in 1Q 2024) First quarter 2025 results: EPS: JP¥103 (up from JP¥36.06 in 1Q 2024). Revenue: JP¥92.8b (up 33% from 1Q 2024). Net income: JP¥5.74b (up 186% from 1Q 2024). Profit margin: 6.2% (up from 2.9% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Machinery industry in Germany are expected to grow by 4.5%. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 11
Final dividend of JP¥54.00 announced Shareholders will receive a dividend of JP¥54.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 360%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 40% over the next 3 years. However, it would need to fall by 58% to increase the payout ratio to a potentially unsustainable range. Announcement • Jul 02
Glory Ltd. to Report Q1, 2025 Results on Aug 06, 2024 Glory Ltd. announced that they will report Q1, 2025 results at 3:00 PM, Tokyo Standard Time on Aug 06, 2024 Reported Earnings • Jun 28
Full year 2024 earnings released: EPS: JP¥534 (vs JP¥167 loss in FY 2023) Full year 2024 results: EPS: JP¥534 (up from JP¥167 loss in FY 2023). Revenue: JP¥372.5b (up 46% from FY 2023). Net income: JP¥29.7b (up JP¥39.2b from FY 2023). Profit margin: 8.0% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥534 (vs JP¥167 loss in FY 2023) Full year 2024 results: EPS: JP¥534 (up from JP¥167 loss in FY 2023). Revenue: JP¥372.5b (up 46% from FY 2023). Net income: JP¥29.7b (up JP¥39.2b from FY 2023). Profit margin: 8.0% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Machinery industry in Germany are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • May 12
Glory Ltd., Annual General Meeting, Jun 21, 2024 Glory Ltd., Annual General Meeting, Jun 21, 2024. Announcement • Apr 02
Glory Appoints Joseph Gnorski as President of Americas Glory, announced the appointment of Joseph Gnorski as President of Glory Americas. In his new role, Gnorski will oversee the Americas region strategy and operations, building upon his successful tenure as the company’s Executive Vice President of Retail Markets, Americas. Gnorski brings a wealth of expertise and a proven track record of leadership to his role as President. In his over 17 years of experience at Glory, he has been pivotal in driving significant revenue growth, improving operations and expanding the company’s footprint in key markets. Gnorski’s background in leveraging technological advances and fostering innovative thinking, along with his foundation working with customers, positions the Americas for continued growth. Today, Glory works with customers in financial services and all sectors of retail, serving customers like JPMorgan Chase, McDonald’s, Walmart, and OXXO. Gnorski’s appointment comes at a pivotal moment for Glory Americas, following a period of significant growth and transformation, including several recent acquisitions of retail technology solutions like Revolution Retail Systems and Flooid, a leading unified commerce platform. Announcement • Mar 28
Glory Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 Glory Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (3.2%). Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥227 (vs JP¥26.94 in 3Q 2023) Third quarter 2024 results: EPS: JP¥227 (up from JP¥26.94 in 3Q 2023). Revenue: JP¥101.9b (up 54% from 3Q 2023). Net income: JP¥12.6b (up JP¥11.1b from 3Q 2023). Profit margin: 12% (up from 2.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.9% p.a. on average during the next 3 years, while revenues in the Machinery industry in Germany are expected to grow by 3.1%. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jan 31
Now 20% undervalued Over the last 90 days, the stock has risen 6.9% to €18.60. The fair value is estimated to be €23.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.3% per annum. Earnings are also forecast to grow by 5.4% per annum over the same time period. Buying Opportunity • Jan 17
Now 21% undervalued Over the last 90 days, the stock is up 6.9%. The fair value is estimated to be €23.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.3% per annum. Earnings is also forecast to grow by 5.4% per annum over the same time period. Announcement • Jan 05
Glory Ltd. to Report Q3, 2024 Results on Feb 06, 2024 Glory Ltd. announced that they will report Q3, 2024 results at 3:00 PM, Tokyo Standard Time on Feb 06, 2024 Buying Opportunity • Dec 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €22.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.7% per annum. Earnings is also forecast to grow by 4.6% per annum over the same time period. Announcement • Dec 14
Glory Ltd. (TSE:6457) acquired an additional unknown minority stake in Unified Financial Limited. Glory Ltd. (TSE:6457) acquired an additional unknown minority stake in Unified Financial Limited on December 14, 2023. Post to the transaction, Glory owned 91.99% stake in Unified Financial. The majority acquisition of OneBanx's shares was completed with additional investment in July 2023.Glory Ltd. (TSE:6457) completed the acquisition of an additional unknown minority stake in Unified Financial Limited on December 14, 2023. Announcement • Nov 29
Glory Launches Glr-200 Teller Cash Recyclers in North America Glory announced the latest solution in its new GLR series of Teller Cash Recyclers (TCRs), the GLR-200. Building upon the successful launch of GLR-100 in August last year, this TCR features speed, efficiency and cash automation for financial institutions, and is capable of handling both paper and polymer currency in the US and Canada. With multiple storage configurations, GLR-200 supports customer dispense and deposit transactions of any value or denomination, as well as foreign exchange. A choice of storage configurations and options means GLR-200 can meet any cash handling requirement unique to the financial institution, while complying with cash handling regulations for unfit and counterfeit notes. As new branch concepts evolve, both GLR-100 and GLR-200 are designed to fit into locations where space is at a premium. By automating cash handling at the teller position, tellers can fully focus on customers and help with self-operated cash transactions. At financial institutions with TCRs installed, the operation achieves positive outcomes: optimizing staff activities, ensuring accuracy, increasing speed of cash management and realizing efficiency gains. The new GLR series connects seamlessly to Glory's secure cloud-based UBIQULAR™? solution, which delivers enhanced business intelligence, remote monitoring, and device management across the enterprise branch network. The combined capabilities of Glory TCRs and UBIQULAR provide a comprehensive cash management solution achieving peak operational efficiency across the enterprise. Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: JP¥113 (vs JP¥74.66 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥113 (up from JP¥74.66 loss in 2Q 2023). Revenue: JP¥88.2b (up 49% from 2Q 2023). Net income: JP¥6.30b (up JP¥10.6b from 2Q 2023). Profit margin: 7.1% (up from net loss in 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 3.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Buying Opportunity • Nov 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.4%. The fair value is estimated to be €22.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Meanwhile, the company became loss making. Announcement • Nov 07
Glory Ltd. Announces Interim Dividend for the Fiscal Year Ending March 31, 2024; Provides Dividend Guidance for the Year-End of Fiscal Year Ending March 31, 2024 Glory Ltd. announced interim dividend of JPY 40.00 per share compared to JPY 34.00 per share paid a year ago. Effective date is December 5, 2023. record date is September 30, 2023.For the fiscal year ending March 31, 2024, the company now expects to pay year-end dividend of JPY 40.00 per share compared to JPY 36.00 per share paid a year ago. Announcement • Oct 06
Glory Ltd. Announces the North America Launch of Their Market-Leading CASHINFINITY Recycling Solution Glory Ltd. announces the North America launch of their market-leading CASHINFINITY™ recycling solution. The CI-500X brings unmatched speed, efficiency, and capacity to cash automation processes. Developed specifically for cash-intensive retailers like big box retailers, casinos and cannabis dispensaries, the CI-500X brings together Glory’s proven manufacturing quality and retail expertise to reduce the ever-increasing cost of handling cash. This solution automates and accelerates start and end of day cash processes as well as preparation for CIT cash collections. As part of the CASHINFINITY cash solutions platform, Glory provides closed loop cash automation, greatly reducing the risk of errors and cash shrinkage by removing the need for staff to handle cash. The speed and volume of this cash recycler introduces a new level of efficiency gains for retail businesses. Harrah’s Cherokee Casinos in Cherokee and Murphy, North Carolina is no stranger to the challenges of managing volumes of cash and are the first casinos to pilot and install the CI-500X. As a result, they’ve been able to reduce the number of employees that handle, manage and count cash, and to stay focused on the customer experience. Cash recycling has reduced the list of manual exceptions, the amount of paperwork, balancing and counting errors. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥36.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.8%). Announcement • Aug 27
Glory Ltd. to Report Q2, 2024 Results on Nov 07, 2023 Glory Ltd. announced that they will report Q2, 2024 results on Nov 07, 2023 Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥36.06 (vs JP¥31.98 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥36.06 (up from JP¥31.98 loss in 1Q 2023). Revenue: JP¥69.7b (up 32% from 1Q 2023). Net income: JP¥2.01b (up JP¥3.90b from 1Q 2023). Profit margin: 2.9% (up from net loss in 1Q 2023). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Announcement • Jul 06
Glory Ltd. to Report Q1, 2024 Results on Aug 04, 2023 Glory Ltd. announced that they will report Q1, 2024 results on Aug 04, 2023 Announcement • Jun 10
AI,Inc. (TSE:4388) completed the acquisition of approximately 40.53% stake in FueTrek Co., Ltd. (TSE : 2468) from Glory Ltd. (TSE:6457). AI,Inc. (TSE:4388) agreed to acquire approximately 40.53% stake in FueTrek Co., Ltd. (TSE:2468) from Glory Ltd. (TSE:6457) for approximately ¥860 million on May 11, 2023. The offer price per share is ¥226. AI,Inc. has set the maximum and minimum number of shares to be tendered at 3,793,200. The Tender Offer Period will start on May 12, 2023 and ends on June 8, 2023. FueTrek board has expressed its opinion in favor of tender offer. Ey Strategy Consulting acted as a financial advisor to Glory Ltd. SBI Securities Co., Ltd. acted as a financial advisor, Mori Hamada & Matsumoto LPC acted as a legal advisor to AI,Inc. Tokai Tokyo Securities Co., Ltd. acted as a financial advisor and Hibiya-Nakata acted as a legal advisor to FueTrek Co., Ltd.
AI,Inc. (TSE:4388) completed the acquisition of approximately 40.53% stake in FueTrek Co., Ltd. (TSE : 2468) from Glory Ltd. (TSE:6457) on June 8, 2023. Reported Earnings • May 14
Full year 2023 earnings released: JP¥167 loss per share (vs JP¥108 profit in FY 2022) Full year 2023 results: JP¥167 loss per share (down from JP¥108 profit in FY 2022). Revenue: JP¥255.9b (up 13% from FY 2022). Net loss: JP¥9.54b (down 247% from profit in FY 2022). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Announcement • May 11
Glory Ltd., Annual General Meeting, Jun 23, 2023 Glory Ltd., Annual General Meeting, Jun 23, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥34.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.9%). Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: JP¥26.94 (vs JP¥70.20 in 3Q 2022) Third quarter 2023 results: EPS: JP¥26.94 (down from JP¥70.20 in 3Q 2022). Revenue: JP¥66.4b (up 20% from 3Q 2022). Net income: JP¥1.51b (down 65% from 3Q 2022). Profit margin: 2.3% (down from 7.6% in 3Q 2022). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Announcement • Feb 01
Glory Ltd. to Report Q3, 2023 Results on Feb 07, 2023 Glory Ltd. announced that they will report Q3, 2023 results at 3:00 PM, Tokyo Standard Time on Feb 07, 2023 Announcement • Jan 27
Glory Announces Latest Back Office Retail Cash Recycling Solution CI-100X Glory announced the launch of the latest solution in their next generation market-leading CASHINFINITY™ retail cash recycling solutions; CI-100X for the back-office, part of the all-new CI-X range Consumers around the world continue choosing to pay with cash and for some it is their only option. Smart retailers, large and small are deploying cash recycling solutions to increase efficiency, enhance security and manage the costs associated with processing the cash in their business. Developed based on input from retail customers around the world, together with Glory’s proven experience, the new solutions apply the latest technologies to bring together previously siloed cash processes in-store and beyond to their cash-in-transit and banking partners. With disconnected processes now operating seamlessly, the results for retailers will be organization-wide efficiencies, enhanced cash security, improved return on investment and opportunities to drive more revenue through improved staff productivity. The CI-100X back-office solution automates and accelerates start and end of day cash processes, including float preparation and store reconciliation as well as preparation for CIT cash collections. Combined with the previously launched CI-10X point-of-sale cash recycler, they provide closed-loop cash automation, removing the need for staff to handle cash, reducing the risk of errors and cash shrinkage. Working with CI-SERVERX, Glory’s cash management software, cash handling activities are optimized throughout the front and back-office; providing store managers with real-time device updates and status information, as well as a consolidated view of the cash inventory across the store. With CI-10X at the point-of-sale and a range of solutions for varying customer requirements in the retail back office, retailers both small and large will now be able to take advantage of the operational efficiency and other benefits offered by CASHINFINITY cash recycling solutions. Buying Opportunity • Dec 02
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €19.31, 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. Meanwhile, the company became loss making. Revenue is forecast to grow by 14% in a year. Earnings is forecast to grow by 87% in the next year. Announcement • Nov 30
Glory Launches TellerConcierge GLORY announced its all new in-branch multi-transactional branch banking solution, TellerConcierge. Designed to automate almost any banking transaction, TellerConcierge is a compelling solution for financial institutions presented with the challenge of managing their branch network with limited resources. TellerConcierge automates almost any banking transaction, including the advanced requirements of the small to mid-sized business customer segment, which are not possible to serve on most ATMs. With the understanding that not all branches have the same transaction profile and service offerings, TellerConcierge’s modular design allows Financial Institutions to select the appropriate model to fit each branch’s specific needs. This modularity also offers flexibility and investment protection as branch strategies and designs evolve over time. TellerConcierge enables banking customers to do more for themselves and allows branches to optimise their teller resources. Designed for easy integration into virtually any branch footprint, workflow, and information ecosystem, TellerConcierge is scalable and provides an automated transaction solution for virtually any branch type or application. With the versatility to easily adapt to new branch models and grow as requirements change, TellerConcierge is a future-proof solution that provides banking services to all customer types when and where they need it. Announcement • Nov 29
Glory Ltd. Launches the Glr Series of Next Generation Teller Cash Recyclers announced the latest solution in its new GLR series of Teller Cash Recyclers (TCRs) the GLR-200. Building upon the successful launch of GLR-100 in August this year, the new Roll Storage Module (RSM) based solution further increases Glory’s global reach, with customers worldwide now able to take advantage of the latest technology available for in-branch cash recycling. Glory’s portfolio enables retail financial institutions to transform their branch networks and address the changing economics of branch banking. Powered by Glory’s industry-leading banknote recognition technology, this latest generation of TCRs are designed for a connected world, being IoT and cloud services capable. The new GLR series connects seamlessly to Glory’s secure cloud-based UBIQULARTM solutions, which deliver enhanced business intelligence, and enable remote monitoring and management of devices across the branch network. Consumers and business alike demand banking services delivered at a physical branch, particularly small business customers. Customers want choice and convenience and the challenge to banks and credit unions is to deliver this in a cost-effective manner. As new branch concepts evolve, both GLR-100 and GLR-200 are designed to fit into locations where space is at a premium. Providing banks and credit unions with flexibility in how they continue to support their customers’ need for cash transactions, the all-new GLR series enables efficient delivery of cash services via the traditional teller counter, as well as deployment as assisted service or self-service devices. GLR series is designed for branch today, and tomorrow. Glory is renowned for its cutting-edge banknote authentication and the GLR series delivers this along with high-speed note counting, high-capacity storage, self-audit capabilities and special storage compartments, that enable a variety of deployment options for financial institutions. Reported Earnings • Nov 16
Second quarter 2023 earnings released: JP¥74.66 loss per share (vs JP¥29.97 profit in 2Q 2022) Second quarter 2023 results: JP¥74.66 loss per share (down from JP¥29.97 profit in 2Q 2022). Revenue: JP¥59.2b (up 7.7% from 2Q 2022). Net loss: JP¥4.30b (down 337% from profit in 2Q 2022). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Machinery industry in Germany. Reported Earnings • Nov 10
Second quarter 2023 earnings released: JP¥74.66 loss per share (vs JP¥29.97 profit in 2Q 2022) Second quarter 2023 results: JP¥74.66 loss per share (down from JP¥29.97 profit in 2Q 2022). Revenue: JP¥59.2b (up 7.7% from 2Q 2022). Net loss: JP¥4.30b (down 337% from profit in 2Q 2022). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Germany. Announcement • Sep 29
Glory Ltd. to Report Q2, 2023 Results on Nov 08, 2022 Glory Ltd. announced that they will report Q2, 2023 results on Nov 08, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥34.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (3.2%). Announcement • Sep 16
Glory Announces Launch of Next Generation of Their CASHINFINITY™ Range of Retail Cash Recycling Solutions Glory announced the launch of the next generation of their CASHINFINITY™ range of retail cash recycling solutions. The new solutions apply the latest technologies to bring together previously siloed cash processes in-store and beyond to their CIT and banking partners. With disconnected processes now operating in harmony, the results for retailers will be organisation-wide efficiencies, increased cash security, enhanced ROI and opportunities to drive new revenue streams through enhanced staff productivity. The CI-10X point of sale cash recycler easily integrates with mainstream POS software solutions and automates all aspects of cash transactions at the point of presentment including change provision. Uniquely designed for the US market, the CI-500X back-office solution automates and accelerates start and end of day cash processes including float preparation and store reconciliation as well as preparation for CIT cash collections. Together they provide closed loop cash automation removing the need for staff to handle cash reducing the risk of errors and cash shrinkage. CI-SERVERX cash management software optimizes cash handling activities throughout the front and back office providing store managers with real-time device updates and status information, as well as a consolidated view of the cash inventory across the store. Handling both banknotes and coins, new features enable processing of currencies that were previously unsupported. Beyond existing markets, retailers in countries such as Switzerland and Poland will now being able to take advantage of the operational efficiency and other benefits offered by the CASHINFINITY cash recycling solutions. Announcement • Aug 31
Glory Launches Next Generation Teller Cash Recyclers Glory announced the first of its new GLR series of Teller Cash Recycler (TCR) solutions, GLR-100. The new cassette-based recycling solution with self-audit capabilities advances Glory’s portfolio and enables retail financial institutions to transform their branch networks and address the changing economics of branch banking. Powered by Glory’s banknote recognition technology, the latest generation of TCRs are designed for a connected world, being IoT and cloud services capable. The new GLR solution connects seamlessly to Glory’s secure cloud-based UBIQULARTM solutions, which deliver enhanced business intelligence, and enable remote monitoring and management of devices across the branch network. Consumers and business alike demand banking services delivered at a physical branch, particularly small business customers. Customers want choice and convenience and the challenge to banks and credit unions is to deliver this in a cost-effective manner. As new branch concepts evolve, the GLR solution can fit into locations where space is at a premium. This next generation recycler provides banks and credit unions with flexibility in how they continue to support their customers’ need for cash transactions, enabling the efficient delivery of essential services, via the traditional teller counter, and assisted service or drive thru. Glory is known for its cutting-edge bank note authentication and the new GLR-100 delivers this along with high-speed note counting, high-capacity storage, self-audit capability and secure cash transportation between the teller and the vault. Glory has 30 years of experience in TCRs and has installed over 100,000 units worldwide. RBR, an independent research and strategic consulting firm, recently confirmed Glory’s global leadership position in the worldwide TCR market with a market share of 56 %. Reported Earnings • Aug 07
First quarter 2023 earnings released: JP¥31.98 loss per share (vs JP¥10.44 profit in 1Q 2022) First quarter 2023 results: JP¥31.98 loss per share (down from JP¥10.44 profit in 1Q 2022). Revenue: JP¥53.0b (up 9.9% from 1Q 2022). Net loss: JP¥1.90b (down 401% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 11%, compared to a 9.5% growth forecast for the industry in Germany. Announcement • Jun 29
Glory Ltd. to Report Q1, 2023 Results on Aug 05, 2022 Glory Ltd. announced that they will report Q1, 2023 results on Aug 05, 2022 Reported Earnings • May 15
Full year 2022 earnings released: EPS: JP¥108 (vs JP¥94.38 in FY 2021) Full year 2022 results: EPS: JP¥108 (up from JP¥94.38 in FY 2021). Revenue: JP¥226.6b (up 4.2% from FY 2021). Net income: JP¥6.51b (up 14% from FY 2021). Profit margin: 2.9% (up from 2.6% in FY 2021). Over the next year, revenue is forecast to grow 12%, compared to a 11% growth forecast for the industry in Germany. Announcement • May 12
Glory Ltd., Annual General Meeting, Jun 24, 2022 Glory Ltd., Annual General Meeting, Jun 24, 2022. Board Change • Apr 28
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Outside Director Satoshi Hamada was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 08
Glory Ltd. to Report Fiscal Year 2022 Results on May 12, 2022 Glory Ltd. announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥34.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (1.9%). Reported Earnings • Mar 15
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: JP¥65.55 (up from JP¥53.25 in 3Q 2021). Revenue: JP¥55.6b (down 3.1% from 3Q 2021). Net income: JP¥3.96b (up 23% from 3Q 2021). Profit margin: 7.1% (up from 5.6% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.3%. Over the next year, revenue is forecast to grow 4.6%, compared to a 11% growth forecast for the industry in Germany. Announcement • Mar 01
Glory Ltd. Announces Executive Changes Glory Ltd. announces that the Board of Directors has approved the following changes of Director and Executive Officers of the Company at the meeting held February 28, 2022. Shigetoshi Mabuchi, Director & Senior Managing Executive Officer, Responsible for service operations will retire at the close of the 76th Ordinary General Meeting of Shareholders scheduled for late June 2022. The company also announced the appointment of Yukiya Tanaka as Deputy Executive General Manager and Senior General Manager of System Development Division, Development & Quality Assurance Office, International Business Company and Makoto Ueda retiring as Executive Officer; Senior General Manager of Image Recognition Solutions Division, Sales Headquarters, Domestic Business Company as of March 31, 2022. Reported Earnings • Nov 06
Second quarter 2022 earnings released: EPS JP¥32.00 (vs JP¥24.68 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥54.9b (up 8.7% from 2Q 2021). Net income: JP¥1.94b (up 30% from 2Q 2021). Profit margin: 3.5% (up from 3.0% in 2Q 2021). The increase in margin was driven by higher revenue. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥34.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.0%). Announcement • Sep 14
GLORY Announces IoT Enabled Vending Solution with Deutsche Bahn Glory, has announced the launch of a new Internet-of-Things enabled vending solution with Germany’s largest railway operator Deutsche Bahn. Passengers at two busy stations in the Munich area will now be able to select fresh, locally sourced produce, either in advance via a web app accessible through their smartphone or directly at the machine. The first of its kind at any railway station in Germany and branded “Zugvogel” by Deutsche Bahn, the Glory solution combines IoT-enabled hardware with cloud-based software. The connected nature of the solution allows not just convenient consumer ordering through the app, but remote monitoring of the temperature within the refrigerated unit and sell-by dates of the individual items to ensure freshness, together with detailed stock levels to maximise availability of popular products while avoiding waste. With increased consumer interest in understanding more about their food choices, details of ingredients. allergens and the source of the items available are displayed both through the app and via a large screen on the machine. As part of heightened focus on sustainability and environmental impact, food traceability is becoming more important for many consumers and every product purchased through the Zugvogel machines can be tracked backed to the original, local producer. When talking about the solution Dominik Cipa, Director of Innovation at Glory Global Solutions said “We are delighted to be working with such a globally recognised company as Deutsche Bahn on this project. Announcement • Aug 23
paysafecard.com Wertkarten AG agreed to acquire an unknown majority stake in viafintech GmbH from Grenke Bank AG, Glory Ltd. (TSE:6457) and three founder shareholders. paysafecard.com Wertkarten AG agreed to acquire an unknown majority stake in viafintech GmbH from Grenke Bank AG, Glory Ltd. (TSE:6457) and three founder shareholders on August 22, 2021. Grenke Bank AG will sell 25.01% stake in viafintech GmbH at a price in the low double-digit million euro range. Glory Ltd. will sell 0.04 million shares amounting to 51.93% stake in viafintech GmbH. After the transaction, viafintech will not be a consolidated subsidiary of Glory Ltd. The transaction is subject to regulatory approval required for such transactions in accordance with the German Foreign Trade and Payments Ordinance. The Board of Directors of Glory Ltd. approved the sale on August 6, 2021. The closing of the sale is not expected to take place for several months. The completion of the sale will result in an extraordinary increase in GRENKE AG's Consolidated group net profit within the next couple of months, depending on the closing date. Reported Earnings • Aug 14
First quarter 2022 earnings released: EPS JP¥13.05 (vs JP¥25.73 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥48.2b (up 27% from 1Q 2021). Net income: JP¥789.0m (up JP¥2.34b from 1Q 2021). Profit margin: 1.6% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Board Change • Jul 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Outside Director Satoshi Hamada was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥99.99 (vs JP¥148 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥217.4b (down 3.0% from FY 2020). Net income: JP¥6.04b (down 33% from FY 2020). Profit margin: 2.8% (down from 4.0% in FY 2020). The decrease in margin was driven by lower revenue. Executive Departure • Apr 02
Senior Executive Officer & Deputy Executive GM of Development Headquarters has left the company On the 31st of March, Tsutomu Iwata's tenure as Senior Executive Officer & Deputy Executive GM of Development Headquarters ended after 3.0 years in the role. We don't have any record of a personal shareholding under Tsutomu's name. A total of 3 executives have left over the last 12 months. Executive Departure • Apr 02
Senior Executive Officer & Executive GM of Production Headquarters has left the company On the 31st of March, Toshihiko Kayama's tenure in the role of Senior Executive Officer & Executive GM of Production Headquarters ended. We don't have any record of a personal shareholding under Toshihiko's name. A total of 3 executives have left over the last 12 months. Executive Departure • Apr 02
Senior Executive Officer & Deputy Executive GM for Financial Market Sales has left the company On the 31st of March, Hideto Tanaka's tenure as Senior Executive Officer & Deputy Executive GM for Financial Market Sales ended after 4.0 years in the role. We don't have any record of a personal shareholding under Hideto's name. A total of 3 executives have left over the last 12 months. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥36.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.2%).